More than 200 Puerto Rican insurance companies collected revenues of $82.4 million (life insurance companies, $18.1 million; property and casualty, $64.3 million) in 1990/91, enforcing policies exceeding $1.5 billion. Due to Hurricane Hugo, the insurance industry suffered underwriting losses of $19.5 million in 1989. The largest life insurance company in 1990 was Seguro de Service de Salud de Puerto Rico, Inc., with written premiums exceeding $275 million. Hurricane Georges in 1998 caused $1 billion in insured property losses in Puerto Rico and the Virgin Islands.