From the ISO Press Release;
JERSEY CITY, N.J., January 16, 2007 — In the past year, ISO’s Property Claim Services (PCS) unit identified 33 catastrophe events. Together these events cost insurers an estimated $9 billion. PCS also estimates that insurers received 2,272,000 claims for damage to personal and commercial properties and vehicles. Personal lines claims accounted for 58 percent of the total, while commercial lines claims were at 9 percent and vehicle claims at 33 percent.
The 33 events caused insured property damage in 34 of the 50 states and the District of Columbia. Following are the states with the largest losses:
|
State
|
Loss ($)
|
|
Indiana
|
$1.5 billion
|
|
Missouri
|
$878 million
|
|
Tennessee
|
$873 million
|
|
Texas
|
$688 million
|
|
Kansas
|
$601 million
|
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