Nationwide and Allied Insurance team to respond to natural disasters in Southeastern U.S.

Nationwide and Allied Insurance are coming together to provide policyholders with quick assistance in the wake of natural disasters that have come to the Southeastern U.S. In the past year, residents of Southeastern states have been inundated with storms, tornadoes and floods. These disasters have caused extensive damage to homes and businesses and put severe strain on the economy of the region. Insurers hold out hope that 2012 will not be a retelling of the previous year in terms of catastrophes, but recent storms have shaken that hope. The two…

Read More

Amlin releases new estimates for catastrophe losses

Amlin Plc, a UK and Lloyd’s insurance company, gave a presentation to analysts in order to provide its most recent estimates regarding its catastrophe losses as a result of major events this year.  At that meeting, they announced that their estimations had reached approximately $50 million in their net claims resulting from the two serious American tornadoes that occurred in April and May of this year.  They also stated that their estimations regarding the earthquake claims from the events in Japan and New Zealand “remain subject to uncertainty.” They added…

Read More