The U.S. suffered 11 weather and climate disasters last year that caused more than $1 billion in damage each and killed more than 300 people, making 2012 the second-most costly and active year on record, according to the National Climatic …
Natural catastrophes and man-made disasters caused $186 billion in economic losses globally in 2012 and took approximately 14,000 lives, according to global insurer Swiss Re’s latest sigma study. The United States bore the brunt, about $119 billion, of that total …
Swiss Re has released its latest sigma study, which found that economic losses from natural catastrophes and man-made disasters reached $186 billion in 2012. Insured losses amounted to $77 billion, making 2012 the third most costly year on record. Weather …
U.S. property/casualty insurers reported significantly higher net income in the second quarter of 2012 relative to second-quarter 2011, driven by lower catastrophe losses and increased growth in earned premiums, says Moody’s Investors Service. However, operating income for the sector – …
The nation’s largest publicly-held personal lines insurer, Allstate Corp., announced estimated catastrophe losses of $820 million, pre-tax, for the second quarter 2012, which includes $440 million for June. Last July, Allstate reported estimated catastrophe losses for the second quarter 2011 …
