This year's third quarter, costing an estimated $40.8bn in insured property losses, was the costliest quarter ever, according to a preliminary estimate released by the Insurance Services Office Property Claim Services unit.
PCS said the first nine months of 2005 brought $43.8bn in insured property losses. Hurricane Wilma is expected to add another $4.7bn in insured property damage, PCS has estimated.
Hurricane Katrina was the costliest catastrophe during the third quarter, and year, hitting the industry with an estimated $34.4bn in insured property damage.
PCS reported that Louisiana sustained the largest amount of insured property damage, with $25bn in insured losses, followed by Mississippi at $9.9bn and Texas at $2.2bn
The 2025 Insurance Times Awards took place on the evening of Wednesday 3rd December in the iconic Great Room of London’s Grosvenor House.
Hosted by comedian and actor Tom Allen, 34 Gold, 23 Silver and 22 Bronze awards were handed out across an amazing 34 categories recognising brilliance and innovation right across the breadth of UK general insurance.
Hosted by comedian and actor Tom Allen, 34 Gold, 23 Silver and 22 Bronze awards were handed out across an amazing 34 categories recognising brilliance and innovation right across the breadth of UK general insurance.
Many congratulations to all the worthy winners and as always, huge thanks to our sponsors for their support and our judges for their expertise.
