Filed Under:Claims, Catastrophe & Restoration

S&P: Industry Will Weather Early 2012 Tornado Outbreaks

Even though the 2012 tornado activity is already well above the year-to-date average for 2005-2011, Standard & Poor says the insurance and reinsurance industries should be able to sustain the losses, including the twisters that wreaked havoc on the Midwest.

“Insurance and reinsurance companies have barely caught their breath after sustaining more than $100 billion in catastrophe losses from 2011 global events, and they are already assessing this year’s damage from catastrophes,” says S&P in its March 15 Global Credit Portal.

Featured Video

Most Recent Videos

Video Library ››

Top Story

15 tips for driving safely on ice and snow

More than 800 people die each year in the U.S. in vehicle crashes caused by snow, sleet and freezing rain.

Top Story

PIA's national president was born to insure

Robert W. Hansen Jr., a fourth-generation insurance professional, reflects on what drives him to keep selling after more than 30 years in the business.

More Resources

Comments

eNewsletter Sign Up

Claims Connection eNewsletter

Breaking news on disasters, fraud, legal trends, technology, and CE initiatives for the P&C claim professional – FREE. Sign Up Now!

Mobile Phone

Advertisement. Closing in 15 seconds.