
ISO's report notes that the P/C market is looking at claims topping $6 billion from more than a dozen catastrophes in 27 states in recent months. PCS estimates the 16 catastrophes of Q2 2008 generated 1,223,500 claims that averaged nearly $5,000 each.
ISO reported earlier that U.S. insurers this year had to deal with the fact that the U.S. had the most Q2 catastrophe activity in close to a decade. Among the disasters were wildfires, floods and tornados.
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