Ike losses keep climbing

01/20/2009 | PropertyCasualty360

Property/casualty insurers are recalculating rising costs from Hurricane Ike as marine losses are revised. Swiss Re, for one, puts the September 2008 storm's insured losses at $20 billion, making it the year's costliest. David Flandro, vice president of Guy Carpenter reinsurance brokerage, writing in GCCapitalideas.com, said the changes underscore the difficult and complex task of arriving at modeling exposure and how it relates to investigation and assessment of claims.

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