Swiss Re has estimated its claims costs from severe flooding in Thailand at $600 million, after intense rainfall caused hundreds of deaths and floods affecting approximately 1500 industrial facilities. “The estimate is net of retrocession and before tax, said the …
An official with the Homer Electric Association expects this month’s wind storms on the Kenai Peninsula to wind up costing more than $2 million. Joe Gallagher tells the Peninsula Clarion that figure includes equipment and personnel costs to restore power. …
Authorities estimate that a tornado and strong storms in north Georgia inflicted at least $15 million in damage. Insurance Commissioner Ralph Hudgens said Thursday that the damage estimate was preliminary and could grow as homeowners and insurers continue to assess …
A think tank estimates that a widespread power outage cost the San Diego-area economy more than $100 million. The National University System Institute for Policy Research said Friday businesses lost about $70 million, largely because they had to close. Some …
East Carolina University officials estimate that damage to the campus caused by Hurricane Irene could reach $1 million. Vice chancellor for finance and administration Rick Niswander said the figure is an early estimate and could change. Irene left downed trees, …
W. R. Berkley Corporation reported estimated pre-tax losses of approximately $65 million from the severe storms that occurred in April and May 2011. The Company’s loss estimate is net of reinsurance and includes reinstatement premiums. The preliminary estimate of pre-tax …