Signal: Insurance losses
ThunderStormLossesGraph

Thunderstorm losses up 500% since 1980

by on 20. Aug, 2011 in Uncategorized

Thunderstorm losses since 1980 have become five times more severe, on average. There were $20 billion in such losses by midyear in 2011, doubling the average of the past three years. “The nation is increasingly vulnerable to extreme weather,” National Weather Service Director Jack Hayes says. The year has been marked by floods, drought and [...]

TornadoDamageTuscaloosa17April2011

Extreme weather drives insurances losses to quarterly high

by on 01. Aug, 2011 in Uncategorized

Allstate reported a second-quarter loss Monday, hammered by a previously disclosed $2.3 billion in catastrophe losses from waves of tornadoes, wildfires and storms this year. The $620 million loss at the Northbrook, Ill. company amounted to $1.19 per share. That compared with a profit of $145 million, or 27 cents per share, in the same [...]