Second quarter records highest number of cats in 10 years

The insurance bill is estimated at US$6bn from a total of 16 catastrophes, nearly double the number in the first quarter

The second quarter of 2008 was the second costliest for catastrophes in the US in the last decade, according to figures released by ISO’s Property Claim Services (PCS) unit. The quarter was also the highest in the last 10 years in terms of the number of catastrophe events.