Property insurance claims from Hurricane Georges' Caribbean rampage will cost insurers more than $1 billion, according to the Insurance Information Institute, New York.

The estimate, prepared by Risk Management Solutions of Menlo Park, Calif., and U.S. insurers, found that the majority of losses will come from commercial and industrial areas of Puerto Rico.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.