Monday, September 6th, 2004 — The historic one-two punch of Hurricanes Frances and Charley will make the claims handling process in Florida more difficult, but still manageable, according to the Insurance Information Institute (I.I.I.)
The I.I.I. stressed that the insurance industry anticipates such catastrophic events and has sufficient financial resources to pay the claims.
"Charles and Frances together do not pose a solvency-threatening event to the industry," said Robert Hartwig, chief economist of the I.I.I. "However, the unprecedented challenges created by the dual hurricanes understandably will strain resources and cause some delays that would not normally occur."