insured losses News

Estimate of Insured Losses in North Texas Storms Reaches $300M

The storms that rolled across the Denton area in north Texas in early April are estimated to have caused $300 million in insured losses. The area was hit by softball size hail and three tornadoes. The thunderstorms erupted April 3 …

Ohio Insurance Institute: Early January Storm Could Be One of State’s Costliest

Ohio insurance officials say the early January deep freeze, accompanied by heavy snow and ice, will end up being one of the costliest winter storms in the state in recent decades. Preliminary figures released by the Ohio Insurance Institute show …

Insured Property Losses for Central Texas Halloween Floods Top $30M

Final figures released by the Federal Emergency Management Agency (FEMA) show that insured losses to residential and commercial property from flood waters which swamped Central Texas on Halloween night 2013 totaled $30,183,611, the Insurance Council of Texas reports. The insured …

Winter Storm Costs in Ohio Could Rival Hurricane Ike Totals

Experts say the early January’s extreme cold and wind are expected to be one of the costliest weather events in Ohio since the remnants of Hurricane Ike hit in 2008. No solid estimate is available yet, but the Dayton Daily …

Twenty Years Later Big Lesson From Northridge Quake Lost

Twenty years ago today a big one hit the Los Angeles area, killing several people and injuring thousands, damaging tens of thousands of properties, shutting down businesses, putting out of operation some of the nation’s busiest freeways and radically changing …

Tropical Cyclone Christine Hits Australia’s Pilbara Coast: AIR Worldwide Analysis

Catastrophe modeling firm AIR Worldwide reports: “Severe Tropical Cyclone Christine made landfall at approximately 1200 UTC on December 30 between Whim Creek and Roebourne. Maximum sustained wind speeds were 157 km/h [97.3 mph] with gusts to 222 km/h [137.6 mph], …

Swiss Re Reports 2013 Disaster Losses at $130 Billion; $44 Billion Insured

According to preliminary estimates from Swiss Re’s latest sigma report, insured losses from natural catastrophes and man-made disasters in 2013 are estimated to be around $44 billion, down from $81 billion in 2012. Insured losses from natural catastrophes are at …

AIR Estimates Insured Losses from Europe Windstorm at $2-$3 Billion

Catastrophe modeling firm AIR Worldwide has estimated that insured losses from Windstorm Christian (known as St. Jude in the UK) will range between €1.5 billion €2.3 billion [$2 to $3 billion], with the majority of insured losses occurring in Denmark …

Flooding Another ‘Unprecedented’ Event for Colorado

Another disaster plaguing the state, widespread flooding in Colorado is being viewed as an “unprecedented” event in which losses will take quite some time to calculate – although there are more immediate lessons to be learned. Thousands are missing, tens …

Yosemite May Be Harbinger of California’s Wildfire Potential

The week-and-a-half-old wildfire in Yosemite is seen by some as a harbinger of what could be a “worst case scenario” when California enters its typical wildfire season in October – continued drought, lots of unburned fuel and a weather outlook …