California Wildfire Insurance Claims Top $11.4 Billion January 30, 2019 By KATHLEEN RONAYNE Insurance claims from California’s deadly November 2018 wildfires have topped $11.4 billion, making the series of fires some of the...
Willis Re: Several Catastrophes Led to Average Insured Losses in 2018 January 17, 2019 Insured losses from major natural catastrophes in 2018 totaled roughly $71.5 billion, only slightly more than the annual average since...
Georgia Hurricane Michael Insured Losses Near $700M November 9, 2018 Georgia’s insured losses from Hurricane Michael have climbed to more than $696 million, with insurers reporting approximately 68,000 claims filed...
Hurricane Florence Insured Losses Could Reach $4.6B September 20, 2018 By Ivan Levingston Hurricane Florence’s winds and storm surge caused $1.7 billion to $4.6 billion in insured losses along the U.S. Southeast coast,...
California Says Wildfires Are Making Home Insurance Unaffordable January 5, 2018 By Christopher Flavelle More frequent and intense wildfires are making it harder for homeowners to find and keep insurance in California, a state...
Disaster Losses Cut Q3 Berkshire Hathaway Profits by 43% November 6, 2017 By JOSH FUNK Warren Buffett’s Berkshire Hathaway Inc. said Friday that its third-quarter profit fell 43 percent because of a $1.4 billion insurance...
Insurers Downgrade Anticipated Profit Goals Amid Hurricane Losses September 25, 2017 By Damian J. Troise Allstate expects insurance losses of about $593 million in August after Hurricane Harvey left a path of destruction along the...
Car-Dependent Houston Struggles Amid Harvey Losses September 12, 2017 By PAUL WISEMAN and DEE-ANN DURBIN Bryan Harvey is frequently reminded that he shares a name with the hurricane that dumped 50 inches of rain on...
Adjuster Tallies Harvey’s Price One Storm-Damaged Home at a Time September 5, 2017 By Lauren Etter Craig Reeves had been in Rockport, Texas, barely 48 hours when he ducked into the gloomy threshold of the condominium,...
Buffett Says Hurricane Harvey Damage Will Linger September 1, 2017 By JOSH FUNK Billionaire Warren Buffett says the storm damage in Texas is staggering, but he isn’t sure yet how much insurance companies...