Aon Report Says Insured Losses from Severe Convective Storms Tops $50B for First Time October 20, 2023 By Lisa Howard Insured losses from severe convective storms in the United States continued to increase during the third quarter, surpassing the $50...
Insurer Travelers Profit Falls 14% on Elevated U.S. Catastrophe Losses October 18, 2023 Travelers Companies on Wednesday reported a 14% fall in quarterly profit, as severe wind and hail storms in parts of...
US Sets Record for Billion-Dollar Weather Disasters in a Year, with 4 Months to Go September 13, 2023 By Seth Borenstein The deadly firestorm in Hawaii and Hurricane Idalia`s watery storm surge helped push the United States to a record for...
Insurance Industry Should Expect $100 Billion in Catastrophe Losses Every Year: Verisk September 11, 2023 By Chad Hemenway Total global insured losses from natural catastrophes of more than $100 billion a year may be less newsworthy than in...
Allstate Records $2.7B Net Catastrophe Hit on Way to Q2 Loss of $1.4B August 3, 2023 By Chad Hemenway Allstate Corp. reported net catastrophe losses of $2.7 billion in the second quarter, resulting in a net loss for the...
Catastrophe Losses Double at Travelers as Insurance Industry and More Regions Absorb Severe Weather July 21, 2023 By Michelle Chapman Travelers, considered a bellwether for the insurance industry due to its size, said catastrophe losses doubled in its most recent...
Insurer Travelers Profit Falls as Costs from Severe Storms Bite April 19, 2023 Travelers Companies Inc. on Wednesday reported a fall in quarterly profit, but announced an additional $5 billion share buyback plan...
Travelers’ Profit Beats Estimates on Lower Catastrophe Losses April 19, 2022 Property and casualty insurer Travelers Companies Inc. reported a 48% jump in quarterly profit that beat analysts’ estimates on Tuesday,...
RMS: Secondary Perils Responsible for Growing Share of Disaster Claims April 8, 2022 By L.S. Howard Not only did natural catastrophes in 2021 break insurance claims records, but they also highlighted the growing cost of non-modeled...
Lower Catastrophe Losses Help AIG Profit Beat Estimates February 17, 2022 U.S. insurer American International Group Inc AIG.N topped fourth-quarter profit expectations on Wednesday as it benefited from strong underwriting and...