Oklahoma was the costliest state in the U.S. for natural-disaster claims last year as tornadoes spurred payouts.
State Farm Mutual Automobile Insurance Co. and Nationwide Mutual Insurance Co. are among insurers with the most at risk from Hurricane Earl, which threatens to graze North Carolina on Sept. 3.
New Zealand’s deadliest earthquake in eight decades may be the costliest natural disaster for insurers since 2008, according to estimates from JPMorgan Chase & Co.
U.S. property and casualty insurance sales rose for the first time in four years as carriers raised rates and individual and commercial clients expanded coverage amid an economic rebound.
Hurricane Irene’s estimated cost to insurers fell to about $2.6 billion in the U.S. as the storm lost strength en route to New York, according to Kinetic Analysis Corp., a firm that predicts the effects of disasters.
Volatile weather around the world is taking farmers on a wild ride.
Dog-bite claims for U.S. insurers climbed 5.5 percent last year to 17,359, breaking the record from 2003, as New York had the costliest attacks among states with the most incidents.