Insurers say they are making the usual preparations for a hurricane – activating claims teams, staging adjusters near the locations most likely to be affected and generally getting ready to pay for a potentially huge volume of losses. “We plan …
According to catastrophe modeling firm AIR Worldwide, a powerful 7.7 magnitude earthquake struck off British Columbia’s north-central coast, shaking regions as far away as Edmonton and Yukon. According to the United States Geological Survey, the earthquake, which struck at a …
Hurricane Isaac has caused up to $1 billion in economic losses for offshore energy properties and up to $1.5 billion in insured losses onshore in Louisiana and neighboring states, disaster modeler Eqecat said on Wednesday. While the estimates are early …
Insured losses due to catastrophic weather events near $2 billion in June, according to Aon Benfield’s latest edition of its Global Catastrophe Recap report, which reviews natural disaster perils worldwide. Published by Impact Forecasting, the firm’s catastrophe model development center, …
A series of severe weather events across central and southern sections of the United States in April caused upwards of $1 billion in insured losses, according to Aon Benfield’s latest edition of its Global Catastrophe Recap report. During last month’s …
Georgia’s state insurance commissioner says the estimate to repair damage from Friday’s storms has hit $40 million in insured losses. The Atlanta Journal-Constitution reports that Commissioner Ralph Hudgens said in a statement Tuesday the figure is preliminary. He says it …
March came in like a very large and powerful lion, spawning severe weather across the Midwest, interior south and southeast United States. Insured losses from the tornadoes, hail and high winds that struck in late February and early March may …
With weather forecasters issuing severe weather alerts for Texas as a slow moving cold front rolls across the state, many Texans may be reminded of the natural forces in 2011 that destroyed lives and property in all corners of the …
More than half of the homeowner insurance claims have been settled in the Bastrop (Texas) Complex Wildfire that occurred over the Labor Day weekend. The final tally for insured losses from the wildfire is projected to hit $325 million from …
Insurers have spent about $1.13 billion in claims tied to the Joplin tornado and payouts continue to grow. The head of the Missouri Department of Insurance, Financial Institutions and Professional Registration says total insured losses could be $1.8 billion to …