California-based Mercury General Corp. announced preliminary estimates of its Hurricane Charley related losses.
Mercury’s initial estimates range from $7 million to $9 million ($4.6 million to $5.9 million after-tax) in property and automobile related
losses. These estimates are based on the number of currently reported claims and the number of unreported claims anticipated as a result of the storm.
Field response teams have canvassed the damaged areas with claims response vehicles since Aug. 15.
Was this article valuable?
Here are more articles you may enjoy.
Fire, Heat Threaten Parts of US From North Dakota to California 
The Nation’s Insurance Laboratory: What Liability Trends in California Mean for the Rest of the Country 
Are We Training Claims Adjusters or Claims Processors? 
Insured Loss Estimates Top $600M From Washington Fires, Testing New Commissioner 
Want to stay up to date?
Get the latest insurance news
sent straight to your inbox.