# Storm Dmg Estimates Reach $120M 

_News_

Canonical: https://www.claimspages.com/news/i1018/

Damage from the first 2002-2003 winter storm ripping through the Carolinas could reach as high as $120 million, as about 64,000 claims are received, bringing the fourth-quarter catastrophe total near $1 billion, the costliest fourth quarter in at least three years. 

In North Carolina, estimates are for losses exceeding $113 million, coming from 60,300 claims, according to the North Carolina Insurance News Service. 

In South Carolina, which was not as heavily hit by the storm, losses are approximately $4.5 million from about 3,300 claims, according to the South Carolina Insurance News Service. 

Losses from the December storm, combined with other weather-related losses in the fourth quarter, bring the total catastrophe losses to near $1 billion for the quarter, according to Dave Dasgupta, a spokesman for Insurance Services Office Inc.

Sources:
- Property and Casualty.com (http://www.propertyandcasualty.com/content/news/article.asp?docid={331FBB83-7D2D-46B7-8FC1-7627DA6C7E25})