Cascading Extreme Weather Events Unleash Billions in Damages Globally March 10, 2025 By Brian K. Sullivan, Mary Hui and Joe Wertz First came a dry spell that parched the land, then a spark, followed by some wind. Suddenly, swaths of South...
Why Snow, Hail and Wildfire Are Expensive for Insurance Industry August 17, 2021 By Leslie Kaufman If you’re having trouble wrapping your mind around the spree of natural catastrophes currently plaguing the world—from deadly July floods...
Allstate Loses $280 Million on Disasters in April May 17, 2012 Home and auto insurer Allstate Corp. said on Thursday it lost $280 million in April on natural disasters, more than...
Nationwide Posts Q3 Loss on Weather, Interest Rates November 14, 2011 Nationwide Mutual reported a third-quarter loss Friday, as the property insurer said it was hurt by investment losses and continuing...
Allstate Suffers $1 Bilion in Disaster Losses in Q3 November 1, 2011 Allstate Corp. posted a sharply smaller profit for the third quarter, as the largest publicly traded home and auto insurer...
As Disaster Losses Mount, U.S. Seeks to Make Country ‘Weather Ready’ August 17, 2011 Noting that the U.S. has experienced $35 billion in economic losses due to disasters already this year, the federal government...
Hartford Hit with Q2 Catastrophe, Asbestos Losses July 14, 2011 Hartford Financial Services Group Wednesday warned it will badly miss second-quarter expectations after severe losses on natural disasters and a...