ISO: Insurers Had $1.2 B Quarterly CAT Loss

NU Online News Service, April 28, 3:38 p.m.EDT?U.S. property-casualty insurers sustained an estimated$2.1 billion in first quarter property-loss claims from eightcatastrophes, according to preliminary estimates by Property ClaimServices.[@@]

The company, a unit of the Jersey City-based Insurance ServicesOffice, Inc. said the loss figure was the second highest since thefirst quarter of 1996, when the industry suffered losses of $2.6billion. First-quarter catastrophe losses in the first three monthsof 2004 were $1.04 billion.

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