An executive with Property Claim Services said the company is considering a revision to include an offshore element in its calculation of U.S. catastrophe losses.
The e-mailed comments from Gary Kerney, assistant vice president of PCS, came after he was asked about the size of recent insured loss estimates the company produced for Hurricane Ike.
PCS, a unit of Jersey City, N.J.-based Insurance Services Office, in December 2008 released an updated estimate for insured property damage in all Ike-hit states of $10.655 billion. Swiss Re estimated the loss as $20 billion and Munich Re calculated it at $30 billion.
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