Hurricane Sandy is shaping up to be one of the biggest storms ever to hit the United States but even with the severe damage that is expected, the blow to the economy is seen as short-term. Economists say some of …
The March 11 Japan earthquake and tsunami are likely to have caused up to $34 billion in losses for the global insurance industry, catastrophe modeling company RMS said Tuesday. RMS said the magnitude 9.0 quake and subsequent flooding probably caused …
Allied World Assurance Company Holdings, a global provider of property, casualty and specialty insurance and reinsurance solutions, announced today that it expects approximately $75 million in losses and loss expenses from the March 11, 2011 Tohoku earthquake and tsunami in …
XL Group plc announced that its preliminary net loss estimates for the March 11, 2011 earthquake and tsunami in Japan, pretax and net of reinsurance and reinstatement premiums, “range from approximately $190 million to $290 million, with approximately 70 percent …