Insurers Third Quarter CAT Loss Up 300 Percent

NU Online News Service, Oct. 13, 3:03 p.m. EDT–Insurers' third-quarter catastrophe losses skyrocketed more than 300 percent from the same period a year ago, boosted by seven events with an estimated price tag of $2.9 billion, Property Claim Services said.

The company, a unit of Jersey City, N.J.-based Insurance Services Office, said last year the third-quarter figure was $715 million.

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