PCS Review of 2006 Catastrophe and Insured Losses

Wednesday, January 17th, 2007 Catastrophe Property

In the past year, ISO’s Property Claim Services (PCS) unit identified 33 catastrophe events which cost insurers an estimated $8.8 billion. PCS also estimates that insurers received 2,272,000 claims for damage to personal and commercial properties and vehicles. Personal lines claims accounted for 58 percent of the total, while commercial lines claims were at 9 percent and vehicle claims at 33 percent.

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http://www.iso.com/press_releases/2007/01_16_07.html

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