Although insurers escaped serious damage from catastrophes in the second quarter, according to a report released yesterday, a hurricane watch in Florida could bring unwelcomed news.
Insurers are expected to pay $920 million for second-quarter insured property losses from four catastrophes in 25 states--the lowest tally among second quarters in the past 10 years, the Property Claims Services Unit of Jersey City, N.J.-based ISO announced yesterday.
As of 11 a.m. today, the first Atlantic hurricane, Hurricane Dennis, was a strong Category 2 with maximum sustained winds of 105 mph.
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