Monday, January 14, 2008

ISO: Insurers to Pay $6.5 Billion in 2007 Catastrophe Claims

ISO: Insurers to Pay $6.5 Billion in 2007 Catastrophe Claims: "ISO: Insurers to Pay $6.5 Billion in 2007 Catastrophe Claims

January 14, 2008

U.S. property/casualty insurers are expected to pay homeowners and businesses $6.5 billion for 2007 property losses from 23 catastrophes — the eighth lowest cost in a decade and the seventh lowest frequency for the same period, according to preliminary analysis by ISO's Property Claim Services Unit."

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