Insurers stand to pay out an estimated $6.1 billion in lossesstemming from Hurricane Wilma, according to the Insurance ServicesOffice.
The Property Claims Services unit of the Jersey City-based ISOsaid those losses push the year-to-date catastrophic losses to arecord $50.3 billion.
The year's three most devastating hurricanes--Katrina, Wilma andRita--together account for $45.2 billion, or 90 percent, of thetotal 2005 catastrophe loss from 22 events, ISO said.
Continue Reading for Free
Register and gain access to:
- Breaking insurance news and analysis, on-site and via our newsletters and custom alerts
- Weekly Insurance Speak podcast featuring exclusive interviews with industry leaders
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the employee benefits and financial advisory markets on our other ALM sites, BenefitsPRO and ThinkAdvisor
Already have an account? Sign In Now
NOT FOR REPRINT
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
