Insurance industry losses are massive due to disastrous winter weather

insurance industry winter snow ice

Over $1.4 billion in losses have been seen due to the extreme conditions that have been experienced. With continual snow and temperatures that are continually below the averages, the insurance industry is starting to feel the same winter blues that are being experienced by the cabin feverish residents of the icy and snowy regions of the country. As much as snowplows and two truck drivers are frustrated, the losses seen by insurers is even greater. According to the data that was issued by Impact Forecasting, the extra wave of severe…

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Report highlights effect of natural disaster on insurance industry

Insurance Industry

Insurance industry continues to wrestle with catastrophes Aon Benfield’s Impact Forecasting, the catastrophe modeling division of the company, has released its latest Global Catastrophe Recap report. These reports are issued monthly and highlight the natural disasters that have occurred around the world and details what impact they may have had on the insurance industry. The latest report provides some insight on the natural disasters that struck throughout the U.S. in April. The report makes note of several severe events that have caused significant damage in some parts of the country.…

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