The rare weather event of tornadoes touching down in New York City produced no significant insurance losses, according to industry experts.
A representative from Property Claim Services, a subsidiary of Insurance Services Office, Inc. says the tornadoes “have not been designated as a catastrophe event.”
A catastrophe is defined by ISO as an event that causes $25 million or more in insured property losses and affects a significant number of property and casualty policyholders and insurers.
Recommended For You
Want to continue reading?
Become a Free PropertyCasualty360 Digital Reader
Your access to unlimited PropertyCasualty360 content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Breaking insurance news and analysis, on-site and via our newsletters and custom alerts
- Weekly Insurance Speak podcast featuring exclusive interviews with industry leaders
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the employee benefits and financial advisory markets on our other ALM sites, BenefitsPRO and ThinkAdvisor
Already have an account? Sign In Now
© 2025 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
