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PartnerRe Ltd. says losses related to tornadoes in the United States in April and May now stands at an estimated $89 million, pretax

Lloyd’s says its 2010 before-tax profits dropped nearly 42 percent to £2.19 billion ($3.44 billion at current exchange rate) compared to £3.87 billion ($5.9 billion) in 2009.

Insurance company shares were mixed Tuesday amid speculation that the industry might see premiums increase given the slate of recent natural disasters and uncertainty over the upcoming hurricane season.

Standard and Poor’s says it believes claims-loss estimates on residential losses to insurers from the recent earthquake in Japan will not be exceeded, but the ratings future of the domestic insurers hinges on whether those estimates are surpassed or not.

As someone who lived in Japan for two years—and who experienced the Kobe earthquake firsthand—the devastating disaster that struck the country hit me hard from a personal standpoint.

Photos detail the conditions at the Fukushima Dai-ichi nuclear complex and surrounding areas as a potential meltdown looms.

Last week’s events in Japan has the world—and the insurance industry—reeling. Not only has Japan seen an enormous earthquake and the resulting tsunami, but the country is still trying to avoid what could be an even bigger catastrophe—failure of one or more nuclear power plants.

The insurance industry is just beginning to grasp the consequences following the massive earthquake and tsunami in Japan late last week, with one catastrophe modeler estimating insured property losses at $35 billion.