Weather Risk

Greco is stepping up cost cuts as ultra-low interest rates chip away at investment income and below-average catastrophe claims keep prices for property and casualty insurance on hold.

Tornadoes hit at least six different Louisiana parishes Tuesday, injuring several dozen people, some seriously. The storm system damaged dozens of homes and businesses and left thousands without power.

Munich Re, the worlds biggest reinsurer, reported a bigger-than-expected drop in Q4 earnings as claims from natural disasters rose while prices continue to fall.

Wells Fargo's 2017 Insurance Market Outlook sees a continuing buyer's market, which is good for insureds but puts pressure on carriers.

Here are the biggest winter weather hazards and the states with the most claims related to them.

The regulation would impose on states a 'disaster deductible' a requirement that states shoulder some of the recovery costs up front, before receiving federal dollars.