The U.S. insurance industry, already bruised by one of the most devastating weather years in history, appears to have suffered another blow from Saturday’s unprecedented northeastern snowstorm. Early data from some of the country’s largest insurers suggests the hit was …
As frustration has built in flood-ravaged upstate New York towns nearly two months after back-to-back tropical storms, Lt. Gov. Robert Duffy is visiting the sites to assess progress. Despite state and federal officials’ assurances of a quick recovery in the …
Spring and summer storms in Kansas have led to more than $1 billion in insurance claims this year. The Kansas Department of Insurance reported that the 197,000 claims have been filed for property and crop damage. The numbers do not …
Travelers Companies Inc. is slowing down its share buybacks and will post a second-quarter operating loss because of more than $1 billion in catastrophe losses, the property insurer said Friday. The company also warned of worst-case scenario industry losses on …
The severe thunderstorms that struck the United States from May 20 to the 27 will result in insured losses to residential, commercial, and industrial properties and their contents, and to automobiles of between $4 billion and $7 billion, according to …
Insurers stand to pay between $790 million and $1.4 billion for insured losses to residential, commercial and industrial properties and to automobiles stemming from the winter storm that struck the U.S. on Feb. 1 and Feb. 2. Catastrophe modeling firm …
