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 MoreTag: damage to homes
AIR Estimates Insured Losses from Tropical Storm Talas to Be Between 150 million and 600 million
BOSTON, Sept. 7, 2011 — Catastrophe modeling firm AIR Worldwide estimates that insured losses from Tropical Storm Talas will be between JPY 12 billion (USD 150 million) and JPY 46 billion (USD 600 million). Talas is the season’s 12th named storm, the seventh severe tropical storm and the fifth typhoon of the 2011 Pacific typhoon season. “Tropical Storm Talas came ashore at Kochi Prefecture on Japan’s Shikoku island-the smallest and least populated of the country’s four main islands-at roughly 6 am local time Saturday, September 3,” said Dr. Peter Sousounis,…
Read More