Travelers Cos Inc reported a second-quarter profit on Thursday but missed Wall Street expectations, as the insurer’s catastrophe losses fell from a year before but were still higher than historical norms. Travelers, a Dow Jones industrial average component, also said …
The Chubb Corp expects to report $200 million to $240 million in catastrophe losses for the second quarter, before taxes, due to severe hail and wind storms in the U.S., the insurer said on Tuesday. The charges amount to 48 …
XL Group plc announced preliminary net loss estimates related to the widespread floods in Thailand that reached their highest point during the quarter ended December 31, 2011. The company’s preliminary loss estimates, pretax and net of reinsurance and reinstatement premiums, …
Though summer weather is associated with devastating catastrophe losses, the winter holiday season can be equally busy for insurance adjusters. The third-largest cause of catastrophic losses behind hurricanes and tornadoes, winter storms resulted in almost $26 billion in insured losses …
Ohio-based, regional insurance carrier State Auto Financial Corporation (STFC) announced its preliminary estimate of the impact of catastrophe losses on its third quarter results. The company estimates third quarter 2011 results will include between $60 million and $63 million in …
There are still three months left in 2011, and hurricane season is not over until November 30, yet this year will go down as record-setting when it comes to federal disaster declarations, according to the Insurance Information Institute (I.I.I.). “The …
A Madison-based insurance company’s catastrophe related losses have hit the $1 billion mark for a single year. It’s only the third time that American Family Insurance’s storm and catastrophe-related losses in the Midwest have hit that mark. More than $100 …
Travelers Cos Inc reported a second-quarter loss, missing analysts’ estimates by a huge margin as the property insurer suffered more than $1 billion in catastrophe losses from record-breaking tornadoes in April and May. Travelers warned in early June that it …
The total costs associated with natural catastrophes will reach a record this year after an earthquake in Japan pushed first-half losses to $265 billion, according to Munich Re . The world’s biggest reinsurer by revenue said on Tuesday that the …
Insured severe weather losses have already topped $15.5 billion in the United States this year, three times the full-year average of the last 20 years, insurance brokerage Aon Corp. said Wednesday. Almost all of that comes from the outbreak of …