Catastrophe losses set a new precedent for US insurers in 2004, according to estimates by ISO's property claim services unit.
Insured property losses arising from 22 catastrophic events reached a record $27.3bn in the US, it said.
More than 80% of losses stemmed from the extreme hurricane season. In the US, Florida hurricane claims resulted in the highest insured losses at $18.8bn.
ISO said the frequency of events since 1995 was less compared with earlier years, but insured losses have increased significantly.
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.
