Global - Insurers face US$5.5 bln losses from US CATs

June 2011
Asia Insurance Review;Jun2011, p59
Trade Publication
The article reports that the outbreak of severe weather in the U.S. during April 2011 could leave insurers facing a bill of 5.5 billion dollars. More than 350 people were killed when a series of tornadoes hit the Southern and Southeastern U.S. The forecast reflects claims from insured physical damage to property and contents, additional living expenses for residential claims and business interruption losses.


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