Weary Nebraska firefighters battled wind-swept grass fires Wednesday that devoured more than 20,000 acres of farmland and caused millions of dollars in estimated crop and property damage. At least one home was destroyed near the tiny town of Stapleton, a …
Lexington Insurance Company, a Chartis company, announced the release of a mobile application for reporting a first notice o property catastrophe losses directly to Lexington’s claims department. The Lexington Property Claim Reporting mobile app, designed for use by U.S. commercial …
The airline industry had a ‘relatively turbulent free start to the third quarter, with losses hitting a five-year low of $794 million,’ according to the latest report from the Aerospace division of Willis Group Holdings. The company’s monthly Airline Insurance …
According to the Insurance Information Institute (III), 9/11 was the largest claims payout in global insurance history. The terror attack produced insured losses of about $32.5 billion; the cost exceeded only by Hurricane Katrina. 9/11-related losses were paid out across …
North Carolina’s governor says preliminary losses from Hurricane Irene now top $400 million in North Carolina. Gov. Beverly Perdue said Friday that agricultural losses represent the bulk of the figure, at more than $320 million. They’re followed by local government …
North Carolina farmers felt the financial weight of Hurricane Irene’s winds and heavy rains Sunday as inspections following the storm revealed damage to field crops, poultry and other agricultural businesses. State political and agricultural leaders touring eastern North Carolina the …
Republic Airways Holdings chief executive Bryan Bedford says a hail storm last week cost Frontier Airlines an estimated $10 million. The airline was already struggling with financial problems, but Bedford said the company is still on the road to recovery, …
The St. Jo Frontier Casino was having a good financial year until the Missouri River began flooding in June. Figures from the Missouri Gaming Commission show the casino in St. Joseph reported a 5 percent increase in gross revenue in …
Devastating tornadoes, floods, earthquakes overseas and a busier-than-usual hurricane season have U.S. insurance companies bracing for record losses in 2011. Insurers could suffer as much as $10 billion from weather-related losses in the United States in 2011, which is up …
Catastrophe modeling firm EQECAT has released a “CatWatch update” on the market loss estimate for the May 11 earthquake near Lorca, Spain, which indicates that, based on the latest information available, insured losses are not expected to exceed $100 million. …