Hurricane Milton Insured Losses in $30B-$50B Range, Says Verisk October 16, 2024 Catastrophe modeler Verisk said it expects insured losses from Hurricane Milton will be between $30 billion and $50 billion from...
Combined Losses From Milton and Helene to Be $35B-$55B: Moody’s RMS October 15, 2024 Moody’s RMS said private insurers can expect to dole out between $35 billion and $55 billion for hurricanes Milton and...
Hurricane Milton Could Use Up P/C Insurers’ 2024 Catastrophe Budgets October 10, 2024 S&P Global Ratings said potential losses from Hurricane Milton could fully deplete the 2024 natural catastrophe budgets for rated U.S....
Nowhere in America Is Safe From Climate-Fueled Storms and Fires October 4, 2024 By Lauren Rosenthal and Brian K. Sullivan Forecasters had warned for days that Hurricane Helene was likely to cause widespread devastation. But when the powerful storm struck...
Natural Disasters to Cause $151 Billion in Annual Insurer Losses September 4, 2024 By Gautam Naik Urban expansion, property exposure and climate change could fuel a 40% increase in annual natural-catastrophe losses for the global insurance...
Puerto Rico Insurers to Absorb Hurricane Ernesto Losses: AM Best August 21, 2024 Losses in Puerto Rico from Hurricane Ernesto are expected to be absorbed by the island’s domiciled insurers, according to industry...
Allstate Reports Second Quarter Pretax Catastrophe Losses of $2.1B July 19, 2024 Allstate Corp. said it recorded pretax catastrophe losses of about $2.1 billion in the second quarter. The Northbrook, Illinois-based insurer...
Allstate Reports May Pretax Catastrophe Losses of $1.4B June 20, 2024 By Chad Hemenway Allstate Corp. on Thursday reported May pretax catastrophe losses of about $1.4 billion. The Northbrook, Illinois-based insurer said 14 events...
Severe Storms Caused $722M in Catastrophe Losses in May: Progressive June 17, 2024 Progressive on Friday said severe storms mostly in Texas and the Midwest caused about $722 million in net catastrophe losses...
32.7M Homes at Risk of Hurricane Damage, CoreLogic Report Shows May 30, 2024 By Don Jergler More than 32.7 million residential properties from Texas to Maine are at risk of moderate or severe damage sustained from...