Insurers To Pay Policyholders $2.1 Billion For First-Quarter Catastrophe Losses

Tuesday, May 3rd, 2005 Catastrophe Property Risk Management

The total for this year’s first quarter catastrophe losses became the second costliest since the $2.6 billion dollar first quarter of 1996. This quarter, U.S. property/casualty insurers are expected to pay an estimated $2.1 billion dollars for insured property losses for the eight catastrophes that struck in the quarter.

---

http://www.namic.org/topnews/050502st1.asp

---