U.S. property/casualty insurers will pay homeowners and businesses $315 million for insured catastrophe losses鈥攖he lowest third-quarter amount in 11 years beginning 1990, estimates Insurance Services Office, Inc.’s Property Claim Services unit.
For the first nine months of the 11 years beginning 1990, this year ranks eighth in total losses, ninth in number of claims and last in number of catastrophes. The current quarter’s $315 million in losses from three catastrophic events compare with $2.1 billion in losses from seven events in third-quarter 1999.
Topics Profit Loss
Was this article valuable?
Here are more articles you may enjoy.
State Farm Agrees to $15M Settlement for Underpaid Vehicle Claims 
Marsh Aims to Be ‘AI Winner’ by Focusing on Gains in Growth, Productivity, Efficiency 
State High Court Weighs in on Woman Taken for Organ Donation But Was Still Alive 
Carnival Cruise Passenger Served 14 Shots Awarded $300,000 After Fall Down Stairs From This Issue
