Alabama-based Vesta Insurance Group Inc. announced that its Florida Select subsidiary expects to incur losses between $10.0 and $13.5 million in Florida, net of reinsurance, from Hurricane Charley.
“Our insurance companies are prepared to take care of their customers when disasters strike,” said Norman Gayle, president and CEO of Vesta. “We have the financial resources, liquidity and an experienced catastrophe claims team in place for our customers when they need it most.”
Florida Select’s mobile catastrophe communications center was positioned in the Punta Gorda, Fla. area over the weekend for policyholders to communicate with the company and receive emergency assistance.
Topics Florida
Was this article valuable?
Here are more articles you may enjoy.
Claims Against NYC Rental Buildings Nearly Doubled Since 2021: Milford Street
Insurance Regulators Defend State-Led Model in Reply to Warren
CVC-Backed Home Insurance Firm Bamboo Said to Postpone IPO
Here Are Some AI Doomsday Scenarios Researchers Say Could Put Humanity at Risk 

