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Insurers Increase Claim Coffers

According to the Insurance Information Institute, the uneventful 2006 hurricane season has led insurers to set aside billions of dollars in order to strengthen their claim-paying capacity for the

By Michael Houts | Updated on January 09, 2007

According to the Insurance Information Institute, the uneventful 2006 hurricane season has led insurers to set aside billions of dollars in order to strengthen their claim-paying capacity for the next 15-20 years.

The I.I.I estimates property/casualty insurers raised its overall claim-paying resources by $55.7 billion last year, compared to the record $62 billion increase in 2003 used to recover from the effects of the terrorist attacks on September 11.

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