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 eight catastrophes, according to preliminary estimates by Property Claim Services.[@@]
The company, a unit of the Jersey City-based Insurance Services Office, Inc. said the loss figure was the second highest since the first quarter of 1996, when the industry suffered losses of $2.6 billion. First-quarter catastrophe losses in the first three months of 2004 were $1.04 billion.
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