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Second Quarter Light on Catastrophes

Only six catastrophes were reported in 2007's second quarter (April-June), making it one of the lowest totals in the last 10 years.

By Staff Writer | Updated on August 02, 2007

Only six catastrophes were reported in 2007′s second quarter (April-June), making it one of the lowest totals in the last 10 years.

As reported by the Insurance Services Office’s Property Claim Services (PCS) unit, U.S. property/casualty insurers are expected to pay homeowners and businesses an estimated $2.18 billion for second-quarter property losses resulting from the six catastrophes, which affected 25 states. This total ties the record for the second-lowest number of catastrophes in a second quarter in the past 10 years, according to preliminary analysis by PCS.

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