U.S. insured losses from storms this year have a 5 percent chance of exceeding the Hurricane Katrina $38.1 billion total in 2005, a catastrophe modeling executive warned at an industry conference yesterday
That forecast came from Karen Clark, president and chief executive officer of AIR Worldwide Corp, according to a report of her remarks by the Insurance Services Office.
Ms. Clark spoke at a catastrophe conference in Baltimore, organized by Property Claim Services, a unit of Jersey City-based ISO.
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