Claims / Legal
Fitch’s Hurricane Irma Insured Loss Estimate Hovers Between $25B-$50B
Estimated insured losses for the insurance industry for Hurricane Irma range from $25 to $50 billion based on a number of estimates, according to a report from Fitch Ratings. Fitch's calculation ...
Over Half of Allstate $553M August Hurricane Harvey Losses Were Auto Claims
Hurricane Harvey slammed The Allstate Corp. with an estimated $553 million in catastrophe losses in August, the insurer said. More than half related to auto claims. The pre-tax gross estimate is a ...
Irma Insured Losses Will Hit Between $35B-$55B: RMS Estimate
Hurricane Irma likely caused between $35 billion and $55 billion in insured losses in the U.S. and the Caribbean combined, according to the latest estimate from catastrophe modeler RMS. Broken down, ...
Global Reinsurers Likely Exposed to Catastrophic Mexico City Quake: Morgan Stanley
Global reinsurers will likely face exposures from a massive magnitude 7.1 earthquake that struck Mexico City on Sept. 19, Morgan Stanley said in a new research note. This earthquake led to dozens of ...
Allstate CEO Wilson Urges Congress to Overhaul Federal Flood Insurance Program
Allstate Corp's Chief Executive Officer Tom Wilson on Tuesday called on U.S. lawmakers to overhaul a government subsidized flood insurance program, calling for a more streamlined system that does not ...
Harvey, Irma-Ravaged Farms May Miss Out on U.S. Govt. Crop Insurance Cover
In the U.S, government-backed insurance plans help compensate farmers for losses after natural disasters. Unfortunately for the produce growers that were ravaged by recent hurricanes, a lot of the ...
Hundreds Dead After Mexico Quake; Survivor Search Begins
Mexican search and rescue teams worked through the night after an earthquake rocked one of the world's largest urban centers, killing hundreds and reducing buildings to rubble. Military police, ...
Hurricane Maria Rips Roofs off in Dominica; U.S. Virgin Islands, Puerto Rico Are Next
Hurricane Maria caused "mind boggling damage," ripping off roofs across the small island of Dominica before pushing on toward the U.S. Virgin Islands and Puerto Rico on Tuesday as the second ...