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Ike damage estimates as high as $25 billion |
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With early damage estimates as high as $25 billion, Hurricane Ike is expected to be the third-costliest hurricane in U.S. history.
Despite its high price tag and possible impact on the reinsurance market, Ike is expected to be generally manageable given the industry's current capital strength, according to a statement from Oldwick, N.J.-based A.M. Best Co. Inc.
The 250-mile-wide storm made landfall Saturday morning on Galveston Island, Texas, as a strong Category 2 hurricane with winds of up to 110 mph.
Deloitte & Touche L.L.P., a New York-based consulting firm, estimated total insured losses between $20 billion and $25 billion, including flood damage...
www.businessinsurance.com
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As the American Farmers and Ranchers Insurance Company expands into 24 western states, President and CEO Ray L. Wulf, AFR Executives and Members of the AFR Board of Directors met Idaho Governor Butch Otter and Idaho Department of Insurance Director Bill Deal to express their appreciation during the week of August 18th...
