Insight and Intelligence on the London & International Insurance Markets

25 February 2018

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PCS North American cat loss figures pass $70bn

Catrin Shi 14 November 2017

A tally of first-round PCS claims estimates for natural catastrophes in the US territories and the Caribbean puts total insured losses to $71.8bn for the year-to-date.

Excluding losses for Maria and the $4bn of Caribbean losses from Irma, US-only losses are currently pegged at $45.9bn by the data provider.

On either basis, the PCS figures far exceed a Munich Re tally for 2016 of $29bn in insured losses from North America and the Caribbean.

In 2016, the most serious event...

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This article was published as part of issue November 2017/2

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