Allstate has upped its projected losses from Superstorm Sandy to about $1.12 billion, but the insurer's CEO says the company has paid about 98 percent of submitted claims.

Allstate has upped its projected losses from Superstorm Sandy to about $1.12 billion, but the insurer's CEO says the company has paid about 98 percent of submitted claims.

Catastrophe models will continue to be exposed by events like Superstorm Sandy because they can fail to contemplate all possible sources of loss, says Lockton Cos.

Catastrophe models will continue to be exposed by events like Superstorm Sandy because they can fail to contemplate all possible sources of loss, says Lockton Cos.

Validus Holdings reports a fourth-quarter net loss of $90.7 million on losses tied to Superstorm Sandywhich affected its two biggest classes of business.

Georgia Insurance Commissioner Ralph Hudgens says tornadoes in northern Georgia on Jan. 30 caused an estimated $75 million in insured losses.

Georgia Insurance Commissioner Ralph Hudgens says tornadoes in northern Georgia on Jan. 30 caused an estimated $75 million in insured losses.

Chubb Corp. says it plans to seek higher rate increases for Homeowners insurance in the Northeast, following the impact of Superstorm Sandythe largest catastrophe in Chubbs history.