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Hurricane Beryl Caused Estimated $2-3B in Insured Losses to U.S. Property: Verisk
Jul 19 2024 // Estimated industry insured losses to onshore property from wind in the U.S. for Hurricane Beryl will range between $2 billion to $3 billion, Verisk’s Extreme Event Solutions business unit said. Beryl made landfall...
Allstate Reports Second Quarter Pretax Catastrophe Losses of $2.1B
Jul 19 2024 // Allstate Corp. said it recorded pretax catastrophe losses of about $2.1 billion in the second quarter. The Northbrook, Illinois-based insurer on July 18 said the total included $230 million of pretax catastrophe losses for...
Coalition Asks FEMA to Make Wildfire Smoke, Extreme Heat Eligible for Disaster Funds
Jul 18 2024 // A group of 14 attorney generals has formed a coalition to persuade the Federal Emergency Management Agency (FEMA) to initiate rulemaking to update its regulations to recognize extreme heat and wildfire smoke events as...
Reckitt Sales to Be Hit by Tornado at Indiana Warehouse
Jul 17 2024 // Reckitt Benckiser Group Plc said sales will be affected by a tornado that struck a warehouse in Mount Vernon, Indiana, where it stores products and raw ingredients for its baby formula business. The consumer goods company...
Record Flooding and Tornadoes This Spring In Iowa Caused $130M in Damage
Jul 17 2024 // DES MOINES, Iowa (AP) — Record flooding and powerful tornadoes ravaged parts of Iowa for weeks this spring, destroying or damaging thousands of homes, closing roads and bridges and costing over $130 million in...
Rebuilding After Hurricanes is Complex, Can Change Character of a Community
Jul 17 2024 // HORSESHOE BEACH, Fla. (AP) — Before Hurricane Idalia smashed into a small fishing village in northwestern Florida, Charles Long, 68, was fixing up a two-bedroom house for him and his wife. After the August storm, he...
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