Passenger caps redemptions in the most expensive disasters since Katrina - Wall Street Journal

(Adds historical comparisons starting in the first paragraph, estimates of the industry and the fifth paragraph comparisons).

-Costs of disaster passenger estimates of $ 1 billion to 1.05 billion dollars in April and may

-Company limit redemptions in the second quarter of no more than 250 million dollars, compared to $ 1.4 billion a year earlier

-Fresh disaster in the second quarter tied with the third quarter of 2005, when Katrina hit the United States.

NEW YORK (Dow Jones) - passenger insurer Cos. (VRT) said it was slowing its share buyback program after natural disasters cost the company approximately $ 1 billion over a period of two months, marking already in the second quarter as its more expensive for...

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