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Claims News Service, Dec. 21, 1:46 p.m. EST — The Property Casualty Insurers Association of America (PCI) has released its annual “Top Ten” list of insurance-related stories.

1) Katrina, Rita and Wilma: A Devastating Trio – Weather forecasters predicted that the 2005 hurricane season could be more active than normal, but no one thought it would produce 26 named storms and the most destructive storm on record – Hurricane Katrina. It is estimated that over 1.8 million claims will be filed, resulting in a payout of nearly $50 billion to policyholders. The storms have sparked a renewed debate over how we, as a nation, better prepare for, respond to, and recover from natural disasters. The response of insurers and the flow of claims payments to storm victims demonstrated the incredible value of insurance products to individuals, communities and the economic health of individual states and the nation as a whole.

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