Insurers To Pay Policyholders $2.1 Billion For First-Quarter Catastrophe Losses

  Tuesday, May 3rd, 2005 Source: National Association Of Mutual Insurance Companies

The total for this year’s first quarter catastrophe losses became the second costliest since the $2.6 billion dollar first quarter of 1996. This quarter, U.S. property/casualty insurers are expected to pay an estimated $2.1 billion dollars for insured property losses for the eight catastrophes that struck in the quarter.

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