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XL Group disclosed preliminary natural catastrophe pre-tax loss estimates of approximately $250 million for the 2017 fourth quarter, stemming largely from wildfires in Northern California. The parent ...
Wildfires raging across Southern California have shut a major commuter artery in Los Angeles, suspended filming, wiped out more than $3 billion of market value for regional utility Edison ...
The insurance business has been good to Warren Buffett. For decades, his stable of carriers at Berkshire Hathaway Inc. have provided him billions of dollars to invest. They've also turned an ...
The worst hurricane season in modern U.S. history is starting to look like a blip on the charts of insurance stocks, with investors banking on a quick restoration of capital as firms rediscover ...
XL Group reported losses exceeding $1 billion for the 2017 third quarter, blaming hurricanes Harvey, Irma and Maria for the results. The net loss of $1.04 billion for Q3 amounted to negative-$4.06 ...
Wildfires that tore through northern California's iconic wine-growing regions have prompted evacuations of more than 20,000 people, killed 11 and damaged some of the most valuable vineyards and ...
Munich Re, the world's largest reinsurer, said storms led by Hurricanes Harvey and Irma will probably wipe out third-quarter profit and threaten the company's ability to meet its full-year earnings ...
Insured losses for natural disaster totaled $22 billion during the first six months of 2017, with the cost stemming in large part from U.S.-focused, hail, heavy winds and tornadoes. Aon Benfield's ...
A big change in the Ogden rate and higher natural catastrophe losses are dampening a wide range of Bermuda-based insurer and reinsurer results in the 2017 first quarter, Standard & Poor's said in ...
Swiss Re reported net income of $656 million during the first quarter of 2017, a 45 percent drop from $1.2 billion reported in the same period last year. Swiss Re's Q1 result was hammered by expected ...
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