Thunderstorms in the U.S. that struck from May 20 to May 27 are expected to cause between $4 billion and $7 billion in insured losses, according to catastrophe modeler AIR Worldwide.

The economic aftershocks of Missouri's spring of disasters may be felt for years, even by many who weren't personally affected by the storms.

The economic aftershocks of Missouri's spring of disasters may be felt for years, even by many who weren't personally affected by the storms.

A unique challenge arose when an insurer consulted contents claims specialists regarding an incredibly rare watch.

An analyst lowered his rating on shares of Allstate Corp. to "Hold" from "Buy" on Friday, saying he's skeptical on management's growth targets.

Justices for the Court of Appeals for the State of New York peppered attorneys with questions for close to 45 minutes during a hearing on whether a group of banks can go ahead with a lawsuit against bond-insurer MBIA.

As updated hurricane predictions continue to point to an active season with a greater chance of U.S. landfall, Fitch Ratings has warned that the season is approaching as many reinsurers have already used up their catastrophe budgets.

On May 22, a devastating tornado ripped through Joplin, Mo., putting an exclamation point on a spring that has seen deadly and costly storms in several states.