Insurers Receive Deadline
Insurance companies have been given until April 18th to settle all outstanding claims related to the hurricanes. If not settled by that date, an explanation must be filed by April 28th. The Florida Cabinet unanimously approved the deadline on March 17th. The storms have caused 1.7 million claims and $14.7 billion has so far been paid out. This is estimated to be about two thirds of the total estimated loss.
Posted on 20 March 2005
