insured losses News
Texas Hailstorms Fueled Allstate’s $633M Pre-Tax April Catastrophe Losses
Allstate reported $633 million in estimated pre-tax catastrophe losses for April, more than half of which came from three days of severe hailstorms in Texas. After taxes, the number comes in at $411 ...
RMS Upgrades Economic Loss Estimates for Japan Quakes
The earthquakes that struck Japan on April 14-15 will cost more in terms of economic losses than previously estimated, though insured losses are much lower, according to the latest RMS estimates. ...
Insurers Will Both Suffer and Endure in Wake of Alberta Wildfires: Ratings Reports
While the wildfires raging through northern Alberta and the city of Fort McMurray could bring one of the largest catastrophe losses in Canadian history, property insurers are resilient, according to ...
Texas Hailstorms Poised to Bring Insured Losses Above 9-Year Average: A.M. Best
Springtime hailstorms in the Dallas-Fort Worth region of Texas are adding up to some significant insured losses that could exceed the 9-year average, according to the latest A.M. Best briefing. Two ...
Japan Kumamoto Quakes Caused Billions of Dollars in Economic and Insured Losses
The estimates are early, but economic and insurance losses stemming from the earthquakes that struck Japan on April 14-15 are already in the billions of dollars and rising. Catastrophe modeling firm ...
U.S. Tornadoes Hit Seven-Year February High: Aon Report
Losses from severe storms and tornadoes that struck much of the U.S. in February could amount to more than $1 billion, including hundreds of millions of dollars of damages that will probably be ...
Historic Winter Storm Is 2016’s First U.S. ‘Billion-Dollar Weather Event’
While cleanup has only just begun, the historic winter storm that slammed into the Eastern United States over the weekend bringing everything from blizzard conditions to tornadoes caused some serious ...
Texas Tornadoes Led to Bulk of Dec. U.S. Insured Storm Losses: Aon Benfield
The last 10 days of 2015 turned out to be brutal in terms of weather, contributing to at least $2 billion in insured losses for the month of December, according to Aon Benfield's Impact Forecasting. ...