Based on 13 events in the United States and Canada, with the largest losses from tornadoes in Alabama, Arkansas, Georgia and Virginia that occurred in the last week of the month, Allstate reported $1.4 billion in estimated catastrophe losses for …
Natural catastrophes and man-made disasters cost the insurance industry $43 billion in 2010, Swiss Re, the world’s second-biggest reinsurer, said on Tuesday, revising up an earlier estimate. Swiss Re also revised down its estimate of worldwide economic losses from 2010 …
Risk modeling company AIR Worldwide tightened its estimate for insured losses from the Japan earthquake and tsunami, forecasting the insurance industry will have to pay out $20 billion to $30 billion in claims. That estimate, issued late Thursday night, compares …