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 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 …
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 …
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 …
For the third time in a month large hail and damaging winds pummeled north Texas causing hundreds of millions of dollars in damage, the Insurance Council of Texas reported. The storms caused the most damage in cities just north of …
The Texas insurance regulators say the weather-related event that occurred March 23 – 24 in Dallas, Tarrant, Denton and Collin Counties is a catastrophe for the purpose of claims processing. Claims resulting directly from the identified catastrophe in the counties …
