ISO Insurers To Pay $963M In Q1 CAT Losses
NU Online News Service, April 20, 4:06 p.m. EDT?U.S. property-casualty insurers are expected to pay homeowners and businesses some $963 million for insured property-loss claims arising from five catastrophes during the 2004 first quarter, Insurance Services Office estimated.[@@]
In comparison, the 2003 first quarter saw $1.48 billion in insured losses, while insured losses for the 2002 first quarter were approximately $615 million, according to the Jersey City, N.J.-based ISO's Property Claim Services unit.
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