Catastrophe & Restoration

Wildfires continue to burn down homes in western Texas as firefighters try to wrangle 20 separate fires this week, which have consumed 1,000 acres.

Insurance companies are already handling thousands of claims in North Carolina after hundreds of tornadoes touched down from Oklahoma to the East Coast.

A tornado-spewing storm system that killed at least two dozen people across half the country unleashed its worst fury on North Carolina, where homes broke apart, trees snapped, and livestock were swept into the air.

Bermuda-based Endurance Specialty Holdings says it expects $125 million in losses from the March 11 Japan earthquake and tsunami, and Iowa-based United Fire & Casualty Company says it expects $10 million in first-quarter catastrophe losses incurred in the company's assumed reinsurance portfolio.

A powerful storm system that ripped across the country's midsection Friday killed six people including two children in Arkansas and Oklahoma, before taking a bead on the Deep South.

A powerful storm system that ripped across the country's midsection Friday killed six people including two children in Arkansas and Oklahoma, before taking a bead on the Deep South.