texas hailstorms News

Allstate Says 60% of June Insured Cat Losses Came from Texas

Announcing total estimated catastrophe losses for June, Allstate Corporation attributed 60 percent of those losses to four severe wind and hail weather events that primarily impacted Texas. Allstate estimated catastrophe losses for the month of June 2019 of $309 million, …

2016 Texas Hail Losses Exceed $5B

Wind and hail loss information for 2016 released recently by the Texas Department of Insurance (TDI) show that homeowner losses from hail in Texas were the highest annual losses ever recorded, as they exceeded $5 billion, the Insurance Council of …

NICB Confirms Texas as Leader in Hail Damage Claims

Everything is big in Texas, including hailstorms. The National Insurance Crime Bureau (NICB) reported that insurance claims for hail damage in Texaslast year exceeded the previous two years combined. Hail damage fluctuates year-to-year, but 2016 was a particularly devastating year …

U.S. Weather in March to Cost Insurers More than $2 Billion: Aon

Four severe weather outbreaks in the U.S. throughout March led to extensive damage in the central and eastern parts of the country, costing the insurance industry in excess of US$2.0 billion, according to a report published by Impact Forecasting, Aon …

Hailstorms Slam Parts of North Texas

Thunderstorms, producing up to softball size hail, pounded several cities north of Dallas/Fort Worth metroplex Sunday night causing extensive damage, the Insurance Council of Texas reported. Thousands of homeowner and auto claims had already been reported by sunrise. The entire …

Texas’ Costliest Year for Hailstorms Began on March 16, 2016

Natural Catastrophes Drive Global Insured Losses to $31B in H1: Swiss Re’s Sigma

Global insured losses from natural catastrophes and man-made disasters during the first half of 2016 reached US$31 billion, or 44 percent of total economic losses of US$71 billion, according to a report issued by Swiss Re’s sigma. The economic loss …

Allianz Q2 Profit Drops 46% on Nat Cat Claims, Expected Sale of South Korea Unit

Allianz SE said second-quarter profit almost halved, missing estimates, as Europe’s biggest insurer faced higher claims from natural disasters and charges for the expected sale of its South Korea unit. Net income declined to 1.1 billion euros ($1.2 billion) from …

Everest Re Group Reports Q2 Net Income of $155.7M vs. $209.1M in Q2 2015

Bermuda-based Everest Re Group Ltd. reported second quarter 2016 net income of $155.7 million, or $3.67 per diluted common share, compared to net income of $209.1 million, or $4.68 per diluted common share, for the same period in 2015. After-tax …

CoreLogic Pegs Total Damage from Texas Spring Hail Storms at Nearly $700M

According to new data released by CoreLogic, the 2016 hail season is already one of the most severe in Texas history, with year-to-date results reaching the nine-year average for U.S. hail storm damage. Estimated losses from hail events this year …