US property/casualty insurers are expected to pay a record $56.8bn in insured property losses from catastrophes in 2005, according to the Insurance Services Office Property Claim Services (PCS) unit.
PCS said the total is more than double 2004's record figure of $27.3bn in insured property losses from catastrophes.
Despite recording 24 catastrophic events, PCS said that five hurricanes — Katrina, Wilma, Rita, Ophelia and Dennis — accounted for $52.7bn, nearly 93% of last year's insured losses.
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.
