August 16, 2004
Associated Press release of most expensive catastrophes
A catastrophe is defined in the insurance world as a single event or series of related events that cause insured property losses totaling more than $25 million and affect multiple policyholders and insurers. The Associated Press has a list of the top ten insured catastrophes in U.S. history with data adjusted for inflation. With the estimated total cost for Charlie between five and eleven billion dollars, this gives some perspective on where Charlie will stand in history.
Top 10 U.S. catastrophic events of all time
Posted by Tom Troceen