Hurricane Gustav was rated an insurance catastrophe in four states this week, though official figures are still being tallied, according to Property Claim Services.
PCS, a subsidiary of Jersey City, N.J.-based Insurance Services Offices Inc., said Gustav was assigned Catastrophe Serial Number 58 on Tuesday for the states of Alabama, Louisiana and Mississippi. Arkansas was added today.
The firm assigns an event a catastrophe rating if it involves more than $25 million in losses and affects a major number of policyholders.
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.
