To give a little hope to those out there not working presently. This is a recent article about how the 1st quarter of this year has been for catastrophes. the most active in the last 10 years. hopefully the trend continues. AP
Report: Insurers face $3.35 billion in claims for 1Q
Tuesday April 29, 12:58 pm ET ISO reports insurers face $3.35 billion in claims for damage in the 1st quarter NEW YORK (AP) -- Insurers face the most claims in a decade from damage caused in the first quarter because of severe weather and an explosion at a sugar refinery, an industry group reported Tuesday.
The Insurance Services Office reported it expects insurers to pay $3.35 billion in claims submitted in the first quarter. Nine catastrophes -- or events each causing more than $25 million in damage -- forced claims during the quarter, two more than the first quarter last year and triple the number in 2001 and 2002. An explosion at a sugar refinery in Georgia prompted workers compensation claims in February, ISO said. Eight other claims stemming from destructive weather generated 615,000 claims in seven states. The biggest losses were in Georgia, Tennessee, California, Texas and Arkansas, ISO said. The costliest event of the quarter was an outbreak of severe weather in early February that caused $955 million in damage. |