2018 catastrophe losses Archives

Carriers Increasingly Dinged by ‘Secondary’ Catastrophe Perils : Swiss Re

The insurance industry must wake up to the growing cost of "secondary" catastrophe perils, which amounted to more than 60 percent of the $76 billion price tag for insured natural catastrophe losses ...

Allstate Reports $312 Million Loss in Q4

The Allstate Corp. lost $312 million in its 2018 fourth quarter, hammered by higher catastrophe losses, a drop in investment income and a larger pension settlement charge. Still, the losses could ...

Natural Catastrophes Knock Down Munich Re’s Q4 Net Profit by 56 Percent

German reinsurer Munich Re on Wednesday reported a 56 percent decline in fourth quarter net profit after a spate of natural catastrophes but proposed raising its dividend for 2018. Net profit fell to ...

2018 Catastrophe Losses Faced 60 Percent Protection Gap: Aon

Economic costs of 2018's 394 natural catastrophe events came to $225 billion with insurance covering $90 billion of the overall total. The results reflect the fourth costliest year on record of ...