More severe storms and flash flooding will continue for parts of the U.S. on Thursday after an intense line of storms whipped through multiple states with heavy rain and tornadoes, leaving extensive damage and killing at least least one person.
Tag: storm damage
U.S. Convective Storm Outbreak to Drive Hundreds of Millions in Losses: Aon
The series of severe convective storms that broke out in the U.S. over the last week are estimated to cause total economic and insured losses in the hundreds of millions of dollars, suggests Aon.
Travelers Profit Falls 20% on Hurricane Ida, Auto Claims
Property-casualty insurer Travelers Cos. posted a 20% decline in net income in the third quarter, weighed down by storm damage and car-wreck related claims. Travelers is among the largest issuers of insurance to U.S. businesses, and it sells car and home insurance to individuals and families. Analysts’ estimates of Hurricane Ida’s late summer industrywide damage… Continue reading Travelers Profit Falls 20% on Hurricane Ida, Auto Claims