Allstate Corp. reported net catastrophe losses of $2.7 billion in the second quarter, resulting in a net loss for the period of $1.4 billion as catastrophe and underwriting losses offset other favorable factors. President and CEO Tom Wilson said the …
Insurer Allstate Corp. posted a bigger-than-expected quarterly loss on Tuesday as claims related to higher catastrophic events offset gains from strong investment income. The insurer’s adjusted second-quarter loss widened to $4.42 per share from 75 cents a year earlier. Analysts …
Severe weather created when a stationary front trapped warm, humid air over Texas and the Southeast caused an estimated $5.5 billion in insured losses, Karen Clark & Co. said in a briefing on Tuesday. KCC said there were dozens of …
AUSTIN, Texas (AP) – More than 100,000 customers in the southern U.S. remained without power Monday following damaging storms, leaving residents searching for relief as sweltering temperatures continued to scorch the region. Power outages for some customers in the piney …
Two clashing climatic behemoths, one natural and one with human fingerprints, will square off this summer to determine how quiet or chaotic the Atlantic hurricane season will be. An El Nino is brewing and the natural weather event dramatically dampens …
The El Niño weather pattern was likely to form during the May-July season, with a more than 90% chance of the phenomenon persisting into the North Hemisphere winter, a U.S. government weather forecaster said on Thursday. A transition from neutral …
WELLINGTON, New Zealand (AP) – Authorities in Auckland declared a state of emergency Tuesday as flooding again hit New Zealand’s largest city. Further north in the city of Whangarei, a high school student was missing after a school group that …
VIRGINIA BEACH, Va (AP) – Officials in Virginia, Maine, and Florida are assessing damage Monday from major storms over the weekend, including some that caused power outages and wrecked homes. The City of Virginia Beach declared a state of emergency …
The United States is Earth’s punching bag for nasty weather. Blame geography for the U.S. getting hit by stronger, costlier, more varied and frequent extreme weather than anywhere on the planet, several experts said. Two oceans, the Gulf of Mexico, …
SILVER CITY, Miss. (AP) — Nothing remained of William Barnes’ home in the tiny western Mississippi town of Silver City after a killer tornado tore it off its foundations. He stood in disbelief Saturday as he surveyed the lot where …