August 15, 2004
Officials: Charley won't cause skyrocketing premiums like Andrew
MIAMI - Hurricane Charley probably will not cause Floridians' insurance premiums to skyrocket like 1992's Andrew, and fewer insurers should go bankrupt from paying out damages expected to reach the billions of dollars, state and industry officials said Saturday.
They say previous premium increases and overhauls made because of Andrew, the most expensive natural disaster in U.S. history, will help pay for Charley.
But some of those changes will mean . . .
Posted by Tom Troceen