Catastrophe & Restoration

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  Insurers, Officials Begin to Assess Damage from Oklahoma Tornado

  By Anya Khalamayzer, PropertyCasualty360  |  May 22, 2013

  Oklahoma Insurance Commissioner John Doak said damages from the Moore, Okla. tornado may exceed $3 billion while AIR Worldwide estimates that the replacement value of damaged properties around the track of the tornado could be as high as $6 billion.

• Oklahoma Tornado Damage Likely to Exceed Joplin, Commissioner Says

  By Reuters  |  May 22, 2013

  The damage from Monday's tornado in a suburb of Oklahoma City is likely to exceed that caused by the 2011 twister in Joplin, Missouri, that killed 161 people, Oklahoma Insurance Commissioner John Doak said.

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  After the Storm: Analyzing Tornado Structural Damage

  By Christina Bramlet, PropertyCasualty360.com  |  May 22, 2013

  Will the property damage in Moore, Okla. be similar to the $2.8 billion devastation in Joplin 2 years ago?

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  All About Tornadoes

  By Phil Gusman, PropertyCasualty360.com  |  May 21, 2013

  Tornadoes have caused $97.8 billion in insured losses in the U.S. between 1990 and 2009, making these weather events second only to hurricanes for that period as the costliest natural disasters. Learn about the damage caused to the U.S. in recent years from these weather events.

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  Twister Levels Oklahoma Town as Midwest Storm System Lingers

  By Anya Khalamayzer, PropertyCasualty360  |  May 21, 2013

  Average tornadoes move at less than 35 miles per hour and last just a few minutes, but yesterday a two-mile wide EF4 tornado packing 166 to 200 mph winds ripped through the suburbs of Oklahoma City for 40 minutes.

• Cat Bond Investors on Alert After Oklahoma Twister

  By Sarah Mortimer, Reuters  |  May 21, 2013

  Investors in niche financial bonds that cover insurers against huge natural disasters are on alert for future events that could force them to pay out after the powerful tornado that struck the U.S. on Monday, brokers and fund managers said.

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  2-Mile Wide Tornado Strikes Outside Oklahoma City; Death Toll Estimate Lowered

  By Carey Gillam, Reuters, Ian Simpson, Reuters  |  May 21, 2013

  Emergency workers searched for survivors in the rubble of homes, schools and a hospital in an Oklahoma town hit by a powerful tornado, but officials on Tuesday sharply lowered the number of deaths caused by the storm.

• Tornadoes Pummel Midwest with More to Come

  By Anya Khalamayzer, PropertyCasualty360  |  May 20, 2013

  More than 20 tornadoes roared through the Midwest Sunday, and reports promise continuing severe weather today.

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  State Division of Insurance to Report Losses from Boston Marathon Bombings

  By Chad Hemenway, PropertyCasualty360.com  |  May 17, 2013

  The Massachusetts Department of Insurance says it has a data call out to the insurance industry in order draft a report on the April 15 bombings at the Boston Marathon.

• Allstate Estimates $216M in Catastrophe Losses for April

  By Staff Writer  |  May 16, 2013

  Northbrook, Ill.-based insurer Allstate Corp. estimates catastrophe losses for the month of April at $216 million pre-tax and $140 million after-tax.

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  Tornadoes Rip Through North Texas, Causing Extensive Damage

  By Anya Khalamayzer, PropertyCasualty360.com  |  May 16, 2013

  Tornadoes late May 15 in north-central Texas damaged multiple homes, killing six people and injuring 100.

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  AccuWeather Predicts Three Land-Falling Hurricanes for 2013 Season

  By Mark E. Ruquet, PropertyCasualty360.com  |  May 15, 2013

  As the June 1 Atlantic Hurricane season approaches, AccuWeather.com echoes earlier predictions by saying Atlantic basin residents can expect an active hurricane season.

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  Top 10 States for Dog Bite Claims

  By Caterina Pontoriero, PropertyCasualty360.com  |  May 15, 2013

  It’s a dog-eat-dog world, and last year 3,670 State Farm customers were wearing Milk-Bone underwear. Click to see State Farm’s top 10 states for dog bite claims in 2012.

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  Restoring the Jersey Shore: Construction Risks For Rebuilding Boardwalks (VIDEO)

  By Bonnie Cavanaugh, Property Casualty360.com, Caterina Pontoriero, PropertyCasualty360.com  |  May 10, 2013

  NU-PC360 went down the shore to Sea Girt and Belmar, NJ to talk to John Robbins, project manager with a company working to rebuild the towns' famous boardwalks, about the risks involved.

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  CFA's Hunter, I.I.I.'s Hartwig Spar on Need for TRIA Renewal

  By Mark E. Ruquet, PropertyCasualty360.com  |  May 8, 2013

  In the latest war of words over the future of the Terrorism Risk Insurance Act, the president of the Insurance Information Institute accuses the Consumer Federation of America of being anti-consumer for its opposition to an extension.

• Ammonium Nitrate Was Trigger for West, Texas Blast, State Agency Says

  By Reuters  |  May 7, 2013

  Investigators have confirmed that ammonium nitrate was the trigger for the explosion at a West, Texas, fertilizer plant last month that left 14 people dead and some 200 injured, according to the Texas state fire marshal's office.