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P/C Insurers Expected to Pay Wilma Victims $6.1 Billion

Claims News Service, Nov. 28, 11:45 a.m. EST -- U.S. property/casualty insurers are expected to pay an estimated $6.1 billion to Florida policyholders for insured property losses from Hurricane Wilma,

By Staff Writer | Updated on November 28, 2005

Claims News Service, Nov. 28, 11:45 a.m. EST — U.S. property/casualty insurers are expected to pay an estimated $6.1 billion to Florida policyholders for insured property losses from Hurricane Wilma, pushing year-to-date catastrophe losses to $50.3 billion — an all-time record, according to preliminary analysis by ISO’s Property Claim Services (PCS) unit.

The year’s three most devastating hurricanes — Katrina, Rita, and Wilma — account for $45.2 billion, or 90 percent, of the total catastrophe loss from 22 events.

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