Winter Storm Losses Seen Dominating P/C Earnings

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Losses from winter storms that swept through the southern United States are expected to top the agendas of property and casualty insurance companies as they report first-quarter earnings, according to S&P Global. “Ten of the 20 largest P&C insurers are expected to record revenue decreases, while nine are expected to log lower [earnings per share] year […]

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Polar Vortex,Convective StormsKeep Driving Losses

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Insured losses from March storms in the United States are likely to surpass $1 billion, Aon said in its monthly Global Catastrophe Recap. Aon said multiple outbreaks – featuring tornadoes, hail, snow, and flooding – were to blame.  The most notable included severe weather across the Central and Southern United States, with 122 tornadoes touching down […]

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