severe weather claims News

For Home Insurers, Weather Proves More Costly While COVID Measures Lower Claims

Catastrophic weather events such as wildfires, hurricanes and floods caused 39% of home insurance claims in 2020 – the highest percentage in the last six years. According to the 2021 LexisNexis Home Trends Report, the loss cost in 2020 also …

Allstate: May 2020 Catastrophe Losses Mostly in Midwest, Texas

Allstate says severe weather events in Texas and the Midwest account for the majority of its $350 million in catastrophe losses in May 2020. Northbrook, Illinois-based Allstate Corp. has estimated catastrophe losses for the month of May of $350 million, …

Crawford CEO Bowman Steps Down

Independent claims adjustment firm Crawford & Co. announced that Jeffrey T. Bowman is stepping down after nearly eight years as president and CEO and 24 years of service with the company. Bowman said he agreed to step aside at the …