Allstate reported consolidated revenues were $6.6 billion in the fourth quarter of 2008 and $29.4 billion for the 2008 year, a 9 percent drop from the previous year. The decrease in revenue of $2.4 billion and $7.4 billion for the …
“The string of natural catastrophes that wreaked havoc in 2008, costing the global economy $225 billion and leaving insurers with their second costliest year in history, graphically highlights the increasing risks to businesses of extreme weather events,” begins an article …
U.S. property/casualty insurers are expected to pay homeowners and businesses $25.2 billion for 2008 property losses from 37 catastrophes — the fourth highest cost in a decade and the highest frequency in a decade, according to preliminary analysis by ISO’s …
The family of a 10-year-old girl who died in a 2006 tornado in Rogers is blaming a homebuilder for the girl’s death. In a wrongful death lawsuit in Hennepin County District Court, the family of Jaymi Wendt claims poor construction, …
Despite a state budget crisis and a crumbling national economy, Iowa legislators will nonetheless take on one of the most expensive problems in state history–flood recovery. No one is sure of the price tag, but all agree it’s enormous. And …
2008 can be described as a year like no other in the property/casualty insurance world. This year we saw the near death of the world’s largest and most successful insurance company, AIG. The soft market continued to hamper revenues in …
Munich Re has released its annual report on the natural catastrophes that occurred in 2008, which it describes as “one of the most devastating years on record.” 2008’s major catastrophes included a number of tropical cyclones (hurricanes and typhoons) and …
Munich Re has released its analytical report on the natural catastrophes that occurred in 2008, which the reinsurer describes as, “one of the most devastating years on record.” 2008’s major catastrophes included a number of tropical cyclones (hurricanes and typhoons) …
University of South Carolina geographers have produced a map of natural-hazard mortality in the United States. The map, featured in the Dec. 17 issue of the International Journal of Health Geographics, gives a county-level representation of the likelihood of dying …
Windsor town officials say they spent about $2 million to repair the Town Hall, an arts center and a swimming pool building after a May 22, 2008, tornado that killed one person. Town Manager Kelly Arnold said the costs were …