Insured losses from winter storms in the U.S. will climb well above $2.5 billion in 2014, double the annual average over the previous two decades. The Insurance Information Institute says the polar vortex will be responsible for much of the …
Near-record snowfall and prolonged extreme cold throughout many parts of the country have caused insurers to pay more than $1.5 billion to more than 175,00 claimants thus far, according to the Insurance Information Institute (III). With more winter weather still …
The latest winter storm to pound Georgia with ice and snow caused an estimated $25 million in damage. State Insurance Commissioner Ralph Hudgens said that’s the dollar amount of claims filed with property/casualty insurers since the storm hit last week. …
Allstate Corp. said estimated catastrophe losses for the month of January were $277 million. The cost is $180 million after tax, the personal lines insurer said. Catastrophe losses were from six events at an estimated cost of $271 million, pre-tax, …
The winter storm that cut electricity to more than half a million customers across the South and grounded 10,000 flights this week turned its power on the U.S. Northeast, bringing heavy snow from Virginia to Maine. In Washington, 11 inches …
Utility crews were working feverishly to restore power to hundreds of thousands of homes and businesses in the eastern U.S. that were still in the dark and cold on Thursday after an ice storm knocked out electricity to more than …
