Personal Lines

Catastrophe risk modeler Risk Management Solutions put insured losses from the Moore, Okla. tornado at $2 billion to $3.5 billion.

Rating agency Moodys says second-quarter earnings among P&C carriers are likely to be pressured by losses paid on the May 20 tornado in Moore. Okla.

Oklahoma Insurance Commissioner John Doak is suspending policy non-renewals, cancellations and terminations for Oklahomans affected by the severe storms that tore through the state May 19 and 20.

NOAAs Climate Prediction Center predicts a 70 percent likelihood of 13 to 20 named storms in the Atlantic this hurricane season.

The estimate will likely change since the storm affected seven or eight counties and insurers continue to count claims.

Before going home for Memorial Day, Louisiana House members Thursday introduced legislation aimed at forestalling major increases in flood program rates starting next year.