USA - 2004 a record year for US P/C losses

US property/casualty insurers paid a record $27.3bn for insured property losses to homeowners and businesses from 22 catastrophic events last year - surpassing losses from 2001 that included the attack of September 11 2001 - according to estimates by ISO's Property Claim Services (PCS) unit.Over 80% of the insured losses were from the five hurricanes that made landfall in the US along the Atlantic and Gulf coasts. The last time back-to-back hurricanes struck the US was in 1999, the year of h