insured losses News

Alberta Flooding Spreads as Water Subsides in Calgary

Water levels in Calgary subsided and crews are working to restore power as officials confirmed a fourth fatality in the worst flood in Alberta’s history. Insured losses to the province are forecast to be C$2.25 billion ($2.15 billion) to C$3.75 …

Floods Could Cost Germany 12B Euros in Economic Damage: Fitch

Floods that have devastated parts of southern and eastern Germany could briefly impede growth in Europe’s biggest economy, an industry body said, while ratings agency Fitch said the economic cost could be as high as 12 billion euros. That would …

Thousands More Claims in After Oklahoma Tornadoes

Insurance companies have been deluged by property damage claims since tornadoes raked central Oklahoma last month, and on Monday state officials were still trying to tally the initial claims from the most recent outbreak two weeks ago. The nearly $250 …

Insured Losses From Europe Floods Estimated Lower Than 2002

The losses insurers face from the worst flooding in central Europe since 2002 may be lower than those resulting from the deluge 11 years ago even as the toll on local economies looms larger. Insured losses may reach 2 billion …

Insurers Face up to $4B Payout From May Storm Damage: Aon

The United States were impacted by several severe windstorm events during the month of May, including Moore, Okla., where a catastrophic EF-5 tornado killed 24 people, injured 387 others, and damaged or destroyed up to 13,000 homes and structures. Total …

Tornado-Related Claims Already Top $250M in Oklahoma

State insurance officials say tornado-related insurance claims from the twisters on May 19 and 20 that tore through Moore and several neighboring communities already represent insured losses of nearly $250 million. Oklahoma Insurance Commissioner John Doak said Tuesday there have …

Taiwan 6.2 Magnitude Earthquake Results in Low Number of Insured Losses

The magnitude 6.2 earthquake that struck central Taiwan Sunday night, June 2, 2013, at 9:43 p.m. local time, in a sparsely populated region of Nantou County just 4.3 miles northeast of a similar rupture only two months ago is unlikely …

Colorado County Marks 5th Anniversary of Tornado

Weld County residents are marking the fifth anniversary of a tornado that devastated the town of Windsor, Colo. The May 22, 2008 tornado killed one man, destroyed 78 homes and damaged as many as 3,000 along its 39-mile path. The …

West Blast Hits $100 Million in Insured Losses

“Daddy, are we dead?” Those were the first words from 9 year old Kaden Anderson after an explosion ripped apart the fertilizer plant in West on April 17. Kaden was riding with his father Bryan who had driven over to …

Losses From Ohio Storms Higher Than Initial Estimate

Updated data indicates insured losses from storms that socked Ohio in late June and early July totaled $845 million in the state, or nearly double the initial estimate released by an insurance industry trade group. The series of storms between …