forest fire California wildfire loss

California Department of Insurance estimates suggest $1.05 billion in wildfire damage

Official estimates indicate that the devastating wildfires that plague the state will create billion dollar losses. The California Department of Insurance has released an estimate…

hurricane irma insurance losses

Hurricane Irma insurance losses may be far lower than first predicted

Initial forecasts plotted a far more destructive path for the storm than was actually the case. Following predictions of apocalyptic Hurricane Irma insurance losses, it…

federal flood insurance program stop

Insurance companies may pay out over $2 billion from U.S. weather damages

The United States has been facing some extreme weather and the last 10 days of December led to significant losses. The extreme weather seen throughout…

auto insurance losses power grid electricity blackout electric car

Insurance losses could be as high as $70 billion in the US from one peril

According to a report from Lloyds, if the power grid in the United States were to be attacked the cost would be massive. Lloyds of…

San Andreas Fault Line California earthquake insurance

Earthquake insurance losses from Napa Valley could break the $1 billion mark

The stunning wine region of California was, however, saved from extreme levels of damage from the quake. The quake that shook California’s prestigious Napa Valley…

Allstate Insurance company news

Allstate insurance company announces catastrophe losses from April

The massive insurer has now released the estimate data generated during that month. According to Allstate’s newly released estimates, the April 2014 catastrophe losses came…

insurance industry winter snow ice

Insurance industry is seeing a hugely costly winter

Some have said that this will be among the 5 most expensive winters in over 30 years. The Insurance Information Institute has now released its…