Vesta Unveils Impact From Charley

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.