First estimates of hurricane Charley’s losses

Hurricane Charley, which lashed Florida on August 13, has inflicted considerable damage and claimed the lives of 20 people. For insurers, the damage would amount range between 7 and 13 billion USD. The first estimates report a 100-million-USD loss for Munich Re, less than 200 million USD for Swiss Re, 25 million USD for Converium, 125 million USD for XL capital. The hardest-hit among American companies are State Farm and Allstate.

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