P-C Insurers CAT Loss For Quarter: $4.9 Billion
NU Online News Service, July 28, 12:28 p.m.EDT?Severe thunderstorms and tornadoes that ripped throughportions of the nation caused an estimated $4.9 billion insuredloss claims during the second quarter, Property Claims Servicessaid.
The company, a unit of the Jersey City, N.J. based InsuranceServices Office, said the $4.9 billion is the second-highest for asecond quarter period in the last nine years. In second-quarter2001, nine events caused $6.2 billion in insured losses, makingthat quarter the worst second-quarter for weather catastrophelosses since 1994.
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