storm losses News

Fishermen Hoping for Help With Sandy Storm Losses

While Superstorm Sandy did highly visible damage to homes, boardwalks and roads, it also walloped the Northeastern fishing industry, whose workers are hoping for a small piece of any future disaster assistance that Congress might approve. The storm did millions …

W. R. Berkley Estimates $65 Million in Losses Due to Spring Storms

W. R. Berkley Corporation reported estimated pre-tax losses of approximately $65 million from the severe storms that occurred in April and May 2011. The Company’s loss estimate is net of reinsurance and includes reinstatement premiums. The preliminary estimate of pre-tax …

Insured Losses for Late May Storms Could Reach $7 Billion: AIR

The severe thunderstorms that struck the United States from May 20 to the 27 will result in insured losses to residential, commercial, and industrial properties and their contents, and to automobiles of between $4 billion and $7 billion, according to …

Georgia to Release Storm Damage Estimate

Georgia is set to get its most detailed accounting yet of damage from the tornadoes that tore through the state leaving 15 people dead. State Insurance and Safety Fire Commissioner Ralph Hudgens will release damage estimates from the storms at …

Georgia Storms Caused $50 Million in Insured Losses

Insured losses from storms that slammed Georgia late Monday and early Tuesday will be an estimated $50 million. Georgia Insurance and Safety Fire Commissioner Ralph Hudgens said that estimate does not include uninsured losses. The number is an increase from …