ISO Puts 2002 P-C CAT Loss At $5.8 Billion
NU Online News Service, Feb. 13, 12:55 p.m. EST?U.S. property-casualty insurers had a relatively easy catastrophe loss experience last year and are expected to pay an estimated $5.8 billion in insured property-loss claims, Insurance Services Office said.
The Property Claim Services unit of Jersey City, N.J.-based ISO estimated 2002 will be the fourth-lowest year for catastrophe losses in the last 10.
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