Claims News Service, Nov. 28, 11:45 a.m. EST -- U.S.property/casualty insurers are expected to pay an estimated $6.1billion to Florida policyholders for insured property losses fromHurricane Wilma, pushing year-to-date catastrophe losses to $50.3billion -- an all-time record, according to preliminary analysis byISO's Property Claim Services (PCS) unit.
The year's three most devastating hurricanes -- Katrina, Rita,and Wilma -- account for $45.2 billion, or 90 percent, of the totalcatastrophe loss from 22 events.
Insurers expect 750,000 claims from policyholders for damage topersonal and commercial property, automobiles, and boats andyachts. PCS estimates claims from owners of boats and otherrecreational vessels will be around $125 million.
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