Property-casualty insurers are expected to pay an estimated $3.7 billion in catastrophe claims for homeowners', businesses' and auto owners' damage in the second quarter of the year, according to Property Claim Services (PCS).

PCS, a unit of Jersey City, N.J.-based Insurance Services Office, said this year's second quarter ranks fourth highest in insured catastrophe claim payments for a second quarter over the past 10 years, and brings total estimated catastrophe payments for the first half to $5.2 billion.

At $6.2 billion, the second quarter of 2001 posted the greatest amount paid for catastrophe-driven property losses in the last 10 years, said PCS.

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