No SARS Claims Seen By U.S. P-C Insurers U.S. insurance company executives and brokers say that to date the recent outbreak of Severe Acute Respiratory Syndrome has had no immediate claims impact on the property-casualty insurance industry, but that does not mean they are ignoring the issue.
According to the World Health Organization, as of April 7, there have been 2,601 cases of the disease, SARS, throughout the world, with 98 deaths attributed to it. Most of the cases have been found in China, where the disease is thought to have originated, with a total of 1,268 cases and 53 deaths.
Travel to Asia has dropped off dramatically, most recently underscored by the announcement by Continental Airlines that it would suspend nonstop flights between New York and Hong Kong because of the outbreak.
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