ISO: 3Q Property CAT Losses $21.3 B
NU Online News Service, Nov. 2, 3:55 p.m. EST?The insurance industry suffered record third-quarter property catastrophe losses, exceeding those of 2001, the Insurance Services Office said today.[@@]
The property-casualty industry recorded $21.3 billion in property loss claims from eight catastrophes in the third quarter of this year, compared to $19.15 billion incurred in the quarter that included the Sept. 11 attacks three years ago. The number from 2001, however, did not include liability coverage, workers' compensation, aviation, or life and health insurance.
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