The United Kingdom has fallen victim to the first major windstorm of the year. Windstorm Andrea blew into the country late last week, causing significant damage in Scotland and northern England. AIR Worldwide, a global risk modeling firm, the storm caused damage to the nation’s energy infrastructure, causing several blackouts throughout northern and central UK. Windstorm Andrea is just one of several major storm systems that have come to the country in the past few months. While the UK was severely impacted by the event, the storms intensity paled in…
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Farmers activates armada of insurance personnel to mitigate the damage of Southern Californian windstorms
Much of Southern California has been berated by strong wind storms for the past two days. The storms have shaken branches from trees, causing damage to homes and vehicles throughout the region. Southern California is no stranger to strong winds, but these recent storms have still proven to be troublesome despite the best efforts of consumers and state officials to mitigate the damage. Farmers Insurance, one of the state’s largest property insurance groups, has activated thousands of claims personnel and insurance agents to help policyholders assess the damage to their…
Read MoreChubb Corp. reports losses verging on $500 million from natural disasters in the third quarter
The Chubb Corporation, a massive property insurance organization, has had a difficult time recovering from recent storms in the U.S. The occurrence of natural disasters in the U.S. has been unusually high this year, and the damage caused by these storms has been unprecedented. The storms have imposed gargantuan financial losses on the insurance industry and many companies are still sifting through claims from earlier in the year that are adding to total losses. Chubb officials have warned investors that the company’s third quarter losses may end up being higher…
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