While the cleanup from last week's Nor'easter continues, claims adjusters have been evaluating thousands of claims throughout the Eastern seaboard in what insurers agree was a catastrophic event.
Jersey City, N.J.-based Insurance Services Office Inc., which last week declared the Nor'easter a catastrophe, defined as insured loss of at least $25 million affecting a significant number of policyholders, had no update on figures.
In an e-mail, Gary Kerney, assistant vice president, property claim services for ISO, said the event from April 13-17 affected 18 states and the District of Columbia. PCS/ISO is still collecting data and does not have an estimate yet of projected losses.
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