The chief executive of a major insurer, in a talk on enterprise risk management, warned an industry conference yesterday that carriers in this century face a possible $100 billion catastrophe loss.
Steve Lilienthal, chairman and CEO of CNA, speaking on a panel in Chicago at the International Insurance Society's annual seminar, showed a slide with the last 17 years of insured catastrophe losses, including last year's $57.7 billion total.
A final line on his bar chart was for $100 billion, and the year was projected as "20??"
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