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HOMEOWNERS AND BUSINESS POLICIES COVER WINDSTORM DAMAGE FROM HURRICANES, SAYS INSURANCE INFORMATION INSTITUTE

 HOMEOWNERS AND BUSINESS POLICIES COVER WINDSTORM DAMAGE
 FROM HURRICANES, SAYS INSURANCE INFORMATION INSTITUTE
 NEW YORK, Aug. 24 /PRNewswire/ -- Standard homeowners and business insurance policies provide coverage for damage from windstorms such as Hurricane Andrew.
 These policies do not cover damage from flooding. Flood damaged is covered under policies written by the federal government's National Flood Insurance Program.
 No official industry estimate of insurance claims from Hurricane Andrew is available at this time. Insured losses are expected to be severe. However, a loss estimate will not be available for several days.
 The estimate of insured losses will be compiled following a survey of insurance companies, agents and brokers as well as federal, state and local government agencies.
 The $4.2 billion insurance claim payout from Hurricane Hugo in 1989 is the most costly insured loss in United States history.
 For information on insurance coverages and other insurance-related aspects of hurricanes, contact Jeanne Salvatore or Cary Schneider at the Insurance Information Institute, 800-331-9146.
 The following is a list of the ten most costly insured hurricanes in U.S. history.
 THE TEN MOST COSTLY INSURED HURRICANES
 DATES LOCATIONS HURRICANE ESTIMATED
 INSURED LOSSES
 1989, Sept. 17-18, U.S. Virgin Islands,
 21-22 Puerto Rico, Ga., S.C., Hugo $4,195,000,000
 N.C., Va.
 1979, Sept. 12-14 Miss., Ala., Fla., La.,
 Tenn., Ky., W. Va., Ohio, Frederic $ 752,510,000
 Pa., N.Y.
 1983, Aug. 17-20 Texas Alicia $ 675,520,000
 1991, Aug. 18-20 Conn., Me., Mass., N.J., Bob $ 620,000,000
 N.Y., N.C., R.I.
 1985, Aug. 30- Fla., Ala., Miss., La. Elena $ 543,300,000
 Sept. 3
 1965, Sept. 7-10 Fla., La., Miss. Betsy $ 515,000,000
 1985, N.C., Va., Md., Del., Pa.,
 Sept. 26-27 N.J., Conn., R.I., Mass., Gloria $ 418,750,000
 N.H., Vt., Me.
 1970, Aug. 3 Southeastern Texas Celia $ 309,950,000
 1969, Aug. 17-18 La., Miss., Ala.,
 Florida Panhandle Camille $ 165,300,000
 1982, Nov. 23-24 Hawaii Iwa $ 137,000,000
 Source: Compiled by Insurance Information Institute from estimates provided prior to 1984 by the American Insurance Association; from 1984 to date by the Property Claims Services Division of the American Insurance Services Group, Inc.
 -0- 8/24/92
 /CONTACT: Jeanne Salvatore of Insurance Information Institute, 212-669-9241/ CO: Insurance Information Institute ST: Florida, New York IN: INS SU:


PS-SH -- NY064 -- 2675 08/24/92 15:32 EDT
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Date:Aug 24, 1992
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