catastrophe losses News
Europe’s January Windstorms Caused More than $2B in Insured Losses: Aon
European windstorms Friederike, Eleanor and Carmen wreaked widespread damage in January, causing insured losses of more than $2 billion, according to a report published by Impact Forecasting, Aon ...
U.S. P/C Industry 2017 Underwriting Loss Even Worse Than 2016: A.M. Best
The U.S. property/casualty insurance industry will likely post a second consecutive year of underwriting losses for 2017, and it will be much worse than the year before, according to a new A.M. Best ...
W.R. Berkley Net Income Rises in Q4, but Net Premiums Written, Investment Income Dips
W.R. Berkley Corp. saw its year-over-year net premiums written and investment income dip in the fourth quarter, but net income rose compared to the year before. Net income hit about $155 million for ...
Travelers Produces a Q4 Profit Despite Catastrophe and Tax Cut Hits
Travelers took a big Q4 hit from a tax-cut-related charge and catastrophe-related expenses but still pulled in a profit. The insurer booked $551 million in net income, or $1.98 per share, during the ...
Wildfires, Trump Tax Cuts to Cause XL Group Some Q4 Pain
Fourth-quarter natural catastrophes took a toll on XL Group Ltd.'s bottom line, and the new Trump tax cuts will also cause some temporary pain, based on revised estimates from the Bermuda-based ...
Insurers Will Pay Unprecedented $135B in Natural Catastrophe Claims for 2017: Munich Re
Insurers will have to pay claims of around $135 billion for 2017, the most ever, following a spate of hurricanes, earthquakes and fires in North America, according to a report published on Thursday. ...
Widespread Reinsurance Price Hikes Unlikely Even After Record 2017 Catastrophe Losses: Willis Re
The estimated $136 billion in catastrophe loss estimates for 2017 is one for the record books. But resulting, widespread reinsurance price hikes in 2018 aren't likely, Willis Re said in a new report. ...
Chubb’s Estimated Q4 California Wildfire Losses Surpass $200M
California wildfires from earlier this fall will likely slam Chubb with sizable fourth-quarter catastrophe lost costs. Those numbers are significantly lower, however, than the insurer's Q3 hits from ...