Tornadoes and Thunderstorms Caused $3.5B in Insured Losses in 2013 February 11, 2014 The Oklahoma tornadoes of May 2013 not only caused significant loss of life but also contributed to its designation last...
U.S. Freeze Costs $3.5B, Causes Burst Pipes, Crashes: Aon February 7, 2014 By Alexandria Baca Winter storms that brought heavy snowfall, freezing rain and Arctic air to the U.S. last month will probably cost more...
Winter Weather Drives Insured Losses in Excess of $1.5B: Impact Forecasting February 6, 2014 The various winter storms that brought snow and bitter cold to the United States in January took more than 50...
Canada Insurers Pay Out Record $3.2B Due to Severe Weather January 21, 2014 The December 2013 ice storm in southern Ontario and eastern Canada resulted in $200 million in insured losses and pushed...
Georgia Residents File $75M in Claims After Arctic Weather January 15, 2014 State officials say Georgians filed claims for an estimated $75 million in insured losses after temperatures in the region dropped...
Insurers Face $45B Bill Due to 2013 Natural Disasters January 14, 2014 In 2013, there were 296 separate natural disaster events that produced total economic losses of $192 billion – four percent...
Reinsurance Prices Drop at January Renewal Amid Surge of Capital December 31, 2013 By Noah Buhayar Global prices for reinsurance policies up for renewal on Jan. 1 declined amid an oversupply of capital in the industry,...
AIR: Super Typhoon Haiyan Insured Losses Between $300 and $700M November 18, 2013 Catastrophe modeling firm AIR Worldwide estimates that total damage to residential, commercial, and agricultural properties from Super Typhoon Haiyan will...
Europe’s Hail Storms Hit Insurers With $4.7B Bill September 30, 2013 By Chris Vellacott Insurers nursing hefty losses from severe spring floods in Europe face paying out a similar amount again after areas of...
XL Group Says Germany, France Hailstorms to Cost $60 Million September 27, 2013 By Marci Jacobs XL Group Plc, the insurer led by Chief Executive Officer Mike McGavick, said July hailstorms in Germany and France cost...