At press time, we received this special report from our sister publication which gives the latest update on the devastation in Florida and its impact on insureds and insurers alike. (See our related news feature in National Report.)
When the word came that Hurricane Charley had become a Category 4 storm with top winds reaching 145 miles-per-hour, insurance representatives knew that this was the storm they had spent years warning regulators, lawmakers, and consumers about. Ever since Hurricane Andrew unleashed its destructive power in 1992 resulting in $15 billion in insured losses (in '92 dollars), the industry had been preparing for just this scenario, a radar screen showing a killer storm bearing down on one of the most densely populated regions in the state, in this case the Tampa Bay area.
That moment alone secured Hurricane Charley's place as an icon among storms. Like Andrew, from now on, the mere mention of the word Charley will trigger memories of danger, destruction, and dollars.
Recommended For You
Want to continue reading?
Become a Free PropertyCasualty360 Digital Reader
Your access to unlimited PropertyCasualty360 content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Breaking insurance news and analysis, on-site and via our newsletters and custom alerts
- Weekly Insurance Speak podcast featuring exclusive interviews with industry leaders
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the employee benefits and financial advisory markets on our other ALM sites, BenefitsPRO and ThinkAdvisor
Already have an account? Sign In Now
© 2025 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
