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Nor'easter Declared A CAT By PCS

But determining the exact amount of damages will probably take an extended period because of flooded roadways, said Gary Kerney, assistant vice president for PCS, a unit of the Jersey City, N.J.-based

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The nor’easter that tore up the Eastern Seaboard this week has created enough insurance losses to qualify as a catastrophe, Property Claims Services said.

But determining the exact amount of damages will probably take an extended period because of flooded roadways, said Gary Kerney, assistant vice president for PCS, a unit of the Jersey City, N.J.-based Insurance Services Office Inc.

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