insured losses News

Damage Estimate in Texas Hailstorm Pegged at $400M

The June 12 hail storm in Abilene, Texas, is expected to hit $400 million in insured losses to vehicles, homes and commercial property, the Insurance Council of Texas reports. It was the second catastrophic hailstorm this city in west Texas …

Powerful M6.9 Quake Strikes near Mexico-Guatemala Border: AIR Analysis

According to catastrophe modeling firm AIR Worldwide, at about 6:30 am local time yesterday, July 7, a powerful M6.9 earthquake struck near the border of Mexico and Guatemala near the town of Puerto Madero, Mexico, at a depth of 37.3 …

Nearly $110M Damages From Colorado Hail, Wind, Flooding in May

Hail, wind and flooding in May caused an estimated $109.3 million in insured losses resulting from 28,442 auto and homeowners insurance claims filed, an insurance group reported on Monday. The damage estimates include 18,538 car insurance claims adding up to …

California’s Next Mega Fire, This Could be The Year

When Thomas Jeffery visits states like California, he likes to take some time out to drive around and take a hard look at the conditions and the landscape. As a scientist, Jeffery feels this helps put first-person observations into his …

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], …