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Advisen Says Hurricanes To Cost Insurers $58 Billion

Insurance and reinsurance losses related to the three major hurricanes that hit the U.S. this year will amount to $57.6 billion, making the cumulative ...

By Staff Writer | Updated on March 25, 2005

Insurance and reinsurance losses related to the three major hurricanes that hit the U.S. this year will amount to $57.6 billion, making the cumulative catastrophe losses the largest on record, according to Advisen Ltd.

Based on reported property and business interruption losses to date, the New York-based consulting firm said it calculated current after-tax totals per hurricane as follows:

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