storm loss News

List of Company-Specific Sandy-Related Loss Estimates

Since Superstorm Sandy slammed into the New Jersey coastline on Oct. 29, 2012, dozens of insurers and reinsurers have publicly announced their Sandy-related preliminary loss estimates. The following are the latest company-specific estimates as of Jan. 8, 2013 (in alphabetical …

Alleghany Expects $288M Sandy Loss; Assurant Estimates $200M Loss

Alleghany Corporation said this week its preliminary estimate of after-tax loss related to Sandy — net of reinsurance and reinstatement premiums — would be approximately $288 million. Alleghany said this estimate reflects a consolidated pre-tax loss estimate, net of reinsurance …

Latest Sandy-Loss Estimates From Axis Capital, Platinum, Beazley

Axis Capital Holdings Ltd. said this week its preliminary estimate of the total net financial impact of Sandy is around $300 million — net of tax and estimated recoveries from reinsurance and including estimated reinstatement premiums. The Pembroke, Bermuda-based provider …

Report Shows Increasing Concentrations of Insured Property Values in U.S.

Insured building values in the U.S. now exceed $40 trillion — including residential, commercial and industrial structures, according to a new report from catastrophe modeling firm Karen Clark & Co. When contents and time element exposures are added in, the …