The property-casualty insurance industry can count on having to endure a year of catastrophes inflicting insured losses nearly double last year's record of $58 billion, the industry's leading economist warned.
"We are on a trajectory for a $100 billion year," said Robert Hartwig, senior vice president for the Insurance Information Institute in New York.
Mr. Hartwig, speaking here at the annual National Council on Compensation Insurance seminar, did not say when this might happen, but gave the impression it could be soon–mentioning the recent increase in intensity and frequency of storms.
Recommended For You
Want to continue reading?
Become a Free PropertyCasualty360 Digital Reader
Your access to unlimited PropertyCasualty360 content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Breaking insurance news and analysis, on-site and via our newsletters and custom alerts
- Weekly Insurance Speak podcast featuring exclusive interviews with industry leaders
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the employee benefits and financial advisory markets on our other ALM sites, BenefitsPRO and ThinkAdvisor
Already have an account? Sign In Now
© 2025 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
