Preliminary estimate puts insured losses from Hurricane Katrina at $34.4 billion: ISO property claim services.

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M2 PRESSWIRE-5 October 2005-ISO: Preliminary estimate puts insured losses from Hurricane Katrina at $34.4 billion: ISO property claim services(C)1994-2005 M2 COMMUNICATIONS LTD RDATE:05102005 London, UK - Hurricane Katrina is expected to cost U.S. property/casualty insurers an estimated $34.4 billion in insured property losses, making it the costliest U.S.

catastrophe ever, according to preliminary estimates by ISO's Property Claim Services (PCS) unit. Katrina caused widespread damage to homes and businesses in six states - Louisiana, Mississippi, Alabama, Florida, Tennessee and Georgia. New Orleans bore the brunt of the hurricane's fury as rising flood waters and wind wreaked havoc on the city. Policyholders in the affected states are expected to file...