Thank you for sharing!

Your article was successfully shared with the contacts you provided.

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.

Want to continue reading?
Become a Free
PropertyCasualty360 Digital Reader.


  • All PropertyCasualty360.com news coverage, best practices, and in-depth analysis.
  • Educational webcasts, resources from industry leaders, and informative newsletters.
  • Other award-winning websites including BenefitsPRO.com and ThinkAdvisor.com.

Already have an account?


Join PropertyCasualty360

Don’t miss crucial news and insights you need to make informed decisions for your P&C insurance business. Join PropertyCasualty360.com now!

  • Unlimited access to PropertyCasualty360.com - your roadmap to thriving in a disrupted environment
  • Access to other award-winning ALM websites including BenefitsPRO.com, ThinkAdvisor.com and Law.com
  • Exclusive discounts on PropertyCasualty360, National Underwriter, Claims and ALM events

Already have an account? Sign In Now
Join PropertyCasualty360

Copyright © 2021 ALM Media Properties, LLC. All Rights Reserved.