Economic losses from severe May storms, tornadoes and floods were estimated at nearly $3 billion, with insurance insured losses set to easily exceed $1 billion despite low flood insurance penetration in parts of Oklahoma and Texas, according to the latest …
February storms in the U.S. are expected to cost insurers more than $1 billion, according to the latest Global Catastrophe Recap from Aon Benfield’s Impact Forecasting. Five separate storm systems hit the U.S. during the month, bringing heavy snow, frigid …
In 2014, significant insured losses totaled approximately $33 billion, a dramatic drop compared to the historic insured losses seen in 2011, which totaled approximately $126 billion. Guy Carpenter & Company, a global risk and reinsurance specialist and a wholly owned …