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Insured losses from the tornadoes and severe storms that plagued a large swath of the U.S. this week could reach $5 billion industrywide, according to disaster-modeling company Eqecat.The firm's estimate of insured losses, ranging from $2 billion to $5 billion, with the bulk of the cost tied to the deadly and powerful tornado that struck Moore, Okla., on May 20. It also includes damage from May 18 and May 19. During that three-day span, tornadoes struck several states, including Kansas, Illinois, Colorado, and Texas.Damage estimates from Eqecat and other disaster-modeling companies are closely tracked by the insurance industry for the early indication they can provide about the financial impact of major catastrophes on insurance-company capital. The estimate indicates that this week's string of tornadoes will be among the most costly in recent memory, but insurers are considered to be amply capitalized and are unlikely to face financial difficulties from paying claims.Eqecat's estimate...
A number of U.S. companies disclosed plans to postpone their quarterly reports because of the pending arrival of Hurricane Sandy on the East Coast, a move that comes...
When shopping for car insurance, the unfamiliar names and functions of major coverage can read like ancient Sanskrit. Collision sounds self-explanatory enough, but w...
The dreadful thump of two cars colliding is enough to send anyone's blood pressure skyward, even if it's just a fender bender. Once the people and cars have moved to...
Auto insurance companies would really like to know how well you drive on a daily basis. Usage-based insurance (UBI) products let them monitor your driving in exchang...
Understanding car insuranceWhen shopping for car insurance, the unfamiliar names and functions of major coverage can read like ancient Sanskrit. Collision sounds sel...
A better-than-expected U.S. retail sales report supported the corporate bond market and helped companies to continue borrowing at some of the lowest rates on record ...
A better-than-expected U.S. retail sales report helped companies to continue borrowing at some of the lowest rates for corporate bonds ever recorded Tuesday.Three-pa...
An earthquake may shake your home's foundation, but it doesn't have to rattle your financial footing if you safeguard with the right insurance. Your homeowners polic...
With gas prices stubbornly staying above $3 per gallon, you owe it to yourself to find ways you can save on the cost of driving. If you haven't reviewed your car ins...
Beer money? Check. iPad? Check. New futon? Check. Auto, health, property and personal liability insurance policies? If you're a college student, you'd better make su...
Here's a good reason to buy your teenager that little two-seater -- and remove the passenger seat:The odds of a fatal accident double when a teen passenger is riding...
Adding a teenage driver to your car insurance policy will raise your rates. But you can control how much they'll climb.Having teens drive a Camry rather than a Corve...
Oklahoma Insurance commissioner John Doak on handling insurance claims from the Oklahoma tornado.
Not everyone is nice. No surprise there.But what if an uncooperative type slams into your car?How do you get the bare basics from the other driver without risking yo...
Strapping yourself into the passenger seat the first time your teenager takes the wheel is one of the scarier turning points of parenting.Teen drivers are four times...
You may be familiar with the basic discounts offered by most home insurers, including bundling home and car insurance, loyalty rewards and cost cuts for installing s...
The job that puts food on your table also might save you money on car insurance.In poring through claims data, insurers find that people in certain fields tend to fi...
To get the benefits of a pay-as-you-drive discount, your car must be:A 1996 or later model equipped with an onboard diagnostics (OBDII) port that accepts a telematic...
The first piece of post-storm advice after a major weather event like Sandy is always to call your insurance company. But what if your phone isn't working or you don...
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