An industry group says insured losses from a week of Texas wildfires could reach $250 million. The Insurance Council of Texas on Monday offered the estimate for more than 180 wildfires reported statewide since Labor Day weekend. The nonprofit organization …
Hurricane Irene caused between $2.5 billion and $5.5 billion in insured losses in the United States and the Caribbean, excluding flood claims that fall under federal insurance programs, catastrophe modeling company RMS said Monday. RMS’s estimate falls roughly between those …
Insured losses from Tropical Storm Talas will be range between $150 million and $600 million, according to Catastrophe modeling firm AIR Worldwide. Talas is the season’s 12th named storm, the seventh severe tropical storm and the fifth typhoon of the …
Hurricane Irene is likely to cause more insured losses in the Bahamas than 1999’s devastating Hurricane Floyd, catastrophe modeler AIR Worldwide said Thursday, even as the storm increasingly tracks toward a weekend landfall in the greater New York City area. …
A handful of major storms that damaged parts of Ohio this year have caused more than a half-billion dollars in insured losses. The Akron Beacon Journal reports five storms have led to an estimated 125,000 claims and losses of $537 …
Insured severe weather losses have already topped $15.5 billion in the United States this year, three times the full-year average of the last 20 years, insurance brokerage Aon Corp. said Wednesday. Almost all of that comes from the outbreak of …
Insured losses from storms that slammed Georgia late Monday and early Tuesday will be an estimated $50 million. Georgia Insurance and Safety Fire Commissioner Ralph Hudgens said that estimate does not include uninsured losses. The number is an increase from …
State Farm reported damage caused by wind and hail cost the company and its policyholders more than $3.2 billion in 2010. The states with the most wind/hail losses include: Illinois —44,000 claims, average cost per claim $8,150 Texas —36,000 claims, …
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 …
Munich Re announced that it has estimated its claims burden from the earthquake and tsunami in Japan at around €1.5 billion [$2.128 billion], after retrocession and before tax. As a result Munich Re said its “profit target of around €2.4 …