Property-casualty insurers' first-quarter catastrophe losses, impacted by severe tornadoes in several southern states, exceeded $1.2 billion, according to Property Claim Services.

PCS, a unit of Insurance Services Office in Jersey City, N.J., released a preliminary analysis in advance of its upcoming catastrophe conference.

According to PCS, U.S. p-c insurers are expected to pay an estimated $1.22 billion to homeowners and businesses in insured property losses from seven events in the first three months of the year.

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