Insurers List Record $27.3 Billion ?04 CAT Loss

NU Online News Service, Feb. 9, 12:36 p.m. EST?U.S. property-casualty insurers, after 22 catastrophic events last year, paid a record $27.3 billion for insured property losses to homeowners and businesses, Property Claim Services estimated.[@@]

Insurance Services Office in Jersey City, N.J., the PCS parent, said the figure surpassed losses from 2001 that included the Sept. 11 terrorist attack.

Want to continue reading?
Become a Free PropertyCasualty360 Digital Reader

  • All news coverage, best practices, and in-depth analysis.
  • Educational webcasts, resources from industry leaders, and informative newsletters.
  • Other award-winning websites including and

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.