News

Two Colorado wildfires that have caused more devastation than any wildfire season in the states history are expected to cause nearly $450 million in insured losses, according to a state association.

Allstate says it is ensuring the protection of all of its customers by dropping insurance for about 10,000 customers in South Carolina.

Allstate says it is ensuring the protection of all of its customers by dropping insurance for about 10,000 customers in South Carolina.

Insurer Hartford Financial on Monday said it expects up to $300 million in pretax losses due to natural disasters in the second quarter, a figure down sharply from a year earlier.

Munich Re's chief executive has warned that the industry will not be able to live forever with low interest rates which limit insurers' abilities to make money on capital investments while having to pay out guaranteed returns to customers.

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