U.S. property/casualty insurers are expected to pay homeowners and businesses an estimated $6.025 billion for second-quarter property losses, according to preliminary analysis by ISO’s Property Claim Services (PCS) unit.

This is a result of 16 catastrophes in 27 states–nearly double the number of catastrophes in the first quarter. Also, the insured property damage in the second quarter almost doubled the losses incurred in the first. PCS estimates the 16 catastrophes of second-quarter 2008 generated 1,223,500 claims that averaged nearly $5,000 each.

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