Hurricanes and Floods Bring $120B in 2022 Insurance Losses: Munich Re January 10, 2023 By Tom Sims and Alexander Hübner Hurricane Ian in the United States and floods and Australia helped to make 2022 one of the costliest years on...
Progressive Lowers Loss Estimate From Hurricane Ian By $400M December 22, 2022 The Progressive Corp. said Dec. 21 that its loss and allocated loss adjustment expenses (ALAE) in the property business are...
All The Latest Insurance Company Estimates: Hurricane Ian Losses October 21, 2022 Just a few days into earnings season for the third quarter, a number of carriers have published loss estimates for...
The Hanover: $28M Loss From Ian as Overall Cat Losses Exceed Assumption October 20, 2022 The Hanover Insurance Group on Oct. 20 released an estimate of third-quarter overall catastrophe and Hurricane Ian-related losses. Q3 catastrophe...
Progressive Loses A Bundle: Nearly $2.0B Gross Ian Losses; $760M Net October 13, 2022 Insurer Progressive incurred nearly $2.0 billion in gross loss and loss adjustment expenses for vehicle and property claims related to...
Allstate Executives Shuffle With Retirement of Property-Liability President August 19, 2022 Allstate announced August 18 that Glenn Shapiro, president, Property-Liability, has decided to retire at the end of September. He joined...
Risky Business: Climate Change Turns Up Heat on Insurers, Policyholders November 12, 2021 By Noor Zainab Hussain and Carolyn Cohn Tony and Jhan Dunn never thought they would leave California, where they grew up, built a life together and planned...
Allstate: May 2020 Catastrophe Losses Mostly in Midwest, Texas June 22, 2020 Allstate says severe weather events in Texas and the Midwest account for the majority of its $350 million in catastrophe...
Allstate Says 60% of June Insured Cat Losses Came from Texas July 18, 2019 Announcing total estimated catastrophe losses for June, Allstate Corporation attributed 60 percent of those losses to four severe wind and...
Global Insured Losses From Disasters at $79 Billion in 2018: Swiss Re Sigma Estimate December 18, 2018 According to preliminary sigma estimates from Swiss Re, total economic losses from natural and man-made catastrophes in 2018 declined to...