ISO: Insurers To Pay Hurricane Rita’s Victims $4.7B For Insured Property Losses

According to ISO’s Property Claim Service, U.S. property and casualty insurers will pay an estimated $4.7 billion for insured property losses to residential and commercial policyholders affected by Hurricane Rita. Insurers expect more than 400,000 claims from policyholders in the affected states for damage to personal and commercial property, automobiles, and boats and yachts.