Terrorism Losses To Hike Combined Ratio Up To 120
An estimated $30 billion-plus loss from terrorist attacks will give the p-c insurance industry “a record-poor” year-end combined ratio of 119.9, according to the Insurance Services Office Inc.
The Jersey City-based ISO said that the projected 2001 combined ratio–the percentage of each premium dollar spent on claims and expenses–will be nearly 10 points worse than last years 110.1 figure.
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