ISO: Disasters in 2008 caused $ 25.2 billion loss for the in
Thursday, Mar 05,2009, 1:59:05 PM Click:
ISO: Disasters in 2008 caused $ 25.2 billion loss for the insured Chad Hemenway
The greater frequency of disasters for a decade has resulted in insurers to pay homeowners and businesses about $ 25.2 billion in property losses in 2008, according to analysis by ISO Property Claim Services Unit .
Insured property losses in 2008 were the fourth highest in 10 years. Fourth quarter despite a relatively quiet in terms of disasters, PCS reported tropical storms, tornadoes and other weather phenomena reported were 37 catastrophic events.
The State which took the brunt of the damage was Texas, victims of hurricanes Ike and Dolly. Texas suffered $ 10.2 billion in insured losses in 2008, followed by Louisiana for $ 2.2 billion, Minnesota with $ 1.6 billion, Ohio $ 1.3 billion and Georgia with 1 billion dollars. Insurers have paid nearly 4 million requests from 40 states affected.
Gary Kerney, Assistant Vice President of the PCS, said there were several characteristics to last year catastrophic weather events, including the six tropical systems - Dolly Eduoard, Fay, Hanna, Gustav and Ike - have hit the ground in Texas to Virginia.
"Unusually frequent tornado hit and insured property damage contributed to record frequency and losses in the first six months of 2008," Kerney said in a statement.
It is estimated that the hurricanes caused $ 13.3 billion in insured losses in 2008, PCS said. The events include tornadoes, winds, hail and flooding caused $ 10.5 billion in damages.
Approximately 64% of applications filed, or 2.7 million, were the personal claims. Trade receivables represent approximately 27% and automobile claims have been about 9% of total applications, PCS said.
Copyright © 2009 hours Best Company, Inc. The highest frequency of disasters for a decade has resulted in insurers to pay homeowners and businesses about $ 25.2 billion in property losses in 2008, according to the analysis by ISO Property Claim Services Unit.
The greater frequency of disasters for a decade has resulted in insurers to pay homeowners and businesses about $ 25.2 billion in property losses in 2008, according to analysis by ISO Property Claim Services Unit .
Insured property losses in 2008 were the fourth highest in 10 years. Fourth quarter despite a relatively quiet in terms of disasters, PCS reported tropical storms, tornadoes and other weather phenomena reported were 37 catastrophic events.
The State which took the brunt of the damage was Texas, victims of hurricanes Ike and Dolly. Texas suffered $ 10.2 billion in insured losses in 2008, followed by Louisiana for $ 2.2 billion, Minnesota with $ 1.6 billion, Ohio $ 1.3 billion and Georgia with 1 billion dollars. Insurers have paid nearly 4 million requests from 40 states affected.
Gary Kerney, Assistant Vice President of the PCS, said there were several characteristics to last year catastrophic weather events, including the six tropical systems - Dolly Eduoard, Fay, Hanna, Gustav and Ike - have hit the ground in Texas to Virginia.
"Unusually frequent tornado hit and insured property damage contributed to record frequency and losses in the first six months of 2008," Kerney said in a statement.
It is estimated that the hurricanes caused $ 13.3 billion in insured losses in 2008, PCS said. The events include tornadoes, winds, hail and flooding caused $ 10.5 billion in damages.
Approximately 64% of applications filed, or 2.7 million, were the personal claims. Trade receivables represent approximately 27% and automobile claims have been about 9% of total applications, PCS said.
Copyright © 2009 hours Best Company, Inc. The highest frequency of disasters for a decade has resulted in insurers to pay homeowners and businesses about $ 25.2 billion in property losses in 2008, according to the analysis by ISO Property Claim Services Unit.
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