US P&C losses climb to $38.6bn
AM Best has released its estimates for catastrophe-related losses experienced by the US property & casualty industry through the first nine months of 2011, which show that losses so far have nearly doubled total year-end 2010 losses.
The estimated total net pre-tax accident-year catastrophe-related losses during the first nine months of 2011 were $38.6bn, up $22.5bn, or 140%, from an estimated $16.1bn reported during the same
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