El Niño Curbs 2015 U.S. Cat Losses, Biggest Insured Losses Due to Brutal Winter January 5, 2016 The costliest global natural catastrophe for the insurance industry in 2015 was the series of winter storms that struck the...
NICB Reports Insured Metal Theft Claims Continue to Decline September 9, 2015 Continuing a recent trend, the National Insurance Crime Bureau reports that insured metal theft claims in 2014 were down 8...
Alberta’s August Storm Caused $100M in Insured Damage August 28, 2015 Insurance Bureau of Canada (IBC) reports that insured damage caused by heavy rain, strong winds and a hailstorm that hit...
Insured Losses From China Blast Estimates May Hit $1.5B August 17, 2015 Two explosions in the Chinese port of Tianjin last week that killed more than 100 people could generate total insurance...
Swiss Re Report Suggests New Madrid Quake Could Cause $300B in Damage July 21, 2015 The Midwest’s New Madrid seismic zone is often eclipsed by San Andreas fault because of its less glamorous location and...
Insured Losses Due to Typhoon Chan-hom Estimated at up to $2.2B July 16, 2015 According to catastrophe modeling firm AIR Worldwide, insured losses in China from Typhoon Chan-hom are unlikely to exceed CNY 2.2...
Power Grid Attack Could Cause $1T Economic, $70B Insurance Losses July 8, 2015 A cyber attack on the U.S. power grid in the Northeast would have far-reaching implications including the loss of lives,...
I.I.I. Reports Lightning Claims Down in 2014 While Severity Rises June 23, 2015 The number of insurance claims from lightning strikes in the United States continued its steady decline, as severe thunderstorm activity...
Farmers Reports May Storms Result in Estimated $80M in Claims Losses June 12, 2015 Storms moving through multiple states at the end of May including Texas, Oklahoma, Kansas and Arkansas, have resulted in more...
May Storms Cause $1B Worth of Insurance Claims June 5, 2015 Economic losses from severe May storms, tornadoes and floods were estimated at nearly $3 billion, with insurance insured losses set...