Worst US 2Q cat losses since 2001
US property/casualty insurers are expected to pay homeowners and businesses an estimated $6.025bn for second-quarter property losses resulting from a total of 16 catastrophes in 27 states — nearly double the number of catastrophes in the first quarter of 2008.
The period is the second costliest second quarter of the last decade, only topped by the $6.24bn incurred in 2001 and is almost double the $3.56bn average of the last 10 years.
The costliest event of
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