The June 12 hail storm in Abilene, Texas, is expected to hit $400 million in insured losses to vehicles, homes and commercial property, the Insurance Council of Texas reports. It was the second catastrophic hailstorm this city in west Texas …
Insured losses to homes from lightning strikes in the United States fell to their lowest level in a decade last year, as severe thunderstorm activity eased from near-record levels and dry weather prevailed throughout much of the western half of …
The Black Forest community in El Paso County has spent the past year working through the recovery process in the aftermath of Colorado’s most devastating wildfire in terms of structures lost. RMIIA has updated insurance damage estimates from the Black …
The storms that rolled across the Denton area in north Texas in early April are estimated to have caused $300 million in insured losses. The area was hit by softball size hail and three tornadoes. The thunderstorms erupted April 3 …
Insured losses to residential and commercial property from flood waters which swamped Central Texas on the night of Halloween totaled $30,183,611, according to figures released by the Federal Emergency Management Agency (FEMA). The insured losses represent 584 homes and businesses …
Floods and storms pounding the U.K. may cost the insurance industry at least 500 million pounds ($822 million), a figure that may double if the weather conditions persist, according to a partner at Deloitte LLP. The storms may also drive …
The Oklahoma tornadoes of May 2013 not only caused significant loss of life but also contributed to its designation last year as the costliest state for natural disaster related insurance payouts, according to the Insurance Information Institute (I.I.I.). “Oklahoma’s policyholders …
Winter storms that brought heavy snowfall, freezing rain and Arctic air to the U.S. last month will probably cost more than $3.5 billion in economic losses, according to insurance broker Aon Plc. Insurers estimated losses of more than $1.4 billion …
The various winter storms that brought snow and bitter cold to the United States in January took more than 50 lives and are expected to result in direct economic losses of about $3.5 billion and insured losses of more than …
The December 2013 ice storm in southern Ontario and eastern Canada resulted in $200 million in insured losses and pushed the year-end severe weather insured loss total to $3.2 billion, which is the highest in Canadian history, reports Insurance Bureau …