Swiss Re: Hurricanes, Severe Thunderstorms and Floods Put Insured Losses Over $100B Again December 5, 2024 Insured losses from natural catastrophes are on track to exceed $135 billion in 2024, with at least two-thirds of this...
Allstate October Catastrophe Losses of $286M Include Milton, Helene November 21, 2024 Allstate today said it estimated pretax catastrophe losses of $286 million for the month of October. Losses during October included...
Analysis of Hurricanes Helene and Milton Provide Insights on Public and Private Flood Market November 14, 2024 Flooding is a peril that took center stage this year amid an active Atlantic Hurricane season, a fact that’s highlighted...
Home Depot Raises Outlook on Hurricane-Fueled Demand November 13, 2024 By Jaewon Kang Home Depot Inc. lifted its forecast for a key sales metric after adverse weather propped up demand for home-improvement materials...
KBRA Says Florida Insurers Will Weather Helene and Milton; Cat Fund Can Handle Payouts November 4, 2024 By William Rabb Florida’s Hurricane Catastrophe Fund, a state-created layer of reinsurance, expects to pay out about $4.6 billion to help cover insurers’...
Allstate Turns in Net Income of $1.2B After Q3 Hurricanes October 31, 2024 By Chad Hemenway Allstate Corp. said its net income attributable to common shareholders for the third quarter was about $1.2 billion compared to...
Tennessee Eyes Claims Denials, Florida Offers to Check Contracts with Adjusters in Wake of Hurricanes October 31, 2024 By William Rabb Officials in two Southeastern states have taken steps to hold insurers or recipients of insurance funds accountable after Hurricanes Helene...
Program Uses AI to Send Cash Payments to 1,000 Households Hit by Hurricanes October 30, 2024 By Gabriela Aoun Angueira Nearly 1,000 hurricane-impacted households in North Carolina and Florida will benefit this week from a new disaster aid program that...
North Carolina’s Governor Approves More Than $600M in Helene Recovery Funding October 30, 2024 North Carolina Gov. Roy Cooper approved more than $600 million worth of disaster relief funding Friday for western North Carolina...
Liberty Mutual Estimates Up to $900M in Losses From Helene and Milton October 29, 2024 Liberty Mutual Insurance said it expects up to $900 million in losses from hurricanes Helene and Milton. Parent Liberty Mutual...