ISO Sees '01 CAT Loss As $24 Billion
NU Online News Service, March 11, 3:39 p.m. EST? Catastrophe claim losses for U.S. property-casualty insurers hit a record $24 billion in 2001, according to a preliminary estimate by Property Claim Services.
The figure tops previous highs of $15.5 billion set by Hurricane Andrew in 1992 and $12.5 billion set by the 1994 Northridge earthquake.
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