ISO Insurers To Pay $963M In Q1 CAT Losses
NU Online News Service, April 20, 4:06 p.m. EDT?U.S. property-casualty insurers are expected to pay homeowners and businesses some $963 million for insured property-loss claims arising from five catastrophes during the 2004 first quarter, Insurance Services Office estimated.[@@]
In comparison, the 2003 first quarter saw $1.48 billion in insured losses, while insured losses for the 2002 first quarter were approximately $615 million, according to the Jersey City, N.J.-based ISO's Property Claim Services unit.
Want to continue reading?
Become a Free PropertyCasualty360 Digital Reader
Your access to unlimited PropertyCasualty360 content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- All PropertyCasualty360.com news coverage, best practices, and in-depth analysis.
- Educational webcasts, resources from industry leaders, and informative newsletters.
- Other award-winning websites including BenefitsPRO.com and ThinkAdvisor.com.
Already have an account? Sign In
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
