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Oklahoma

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Allstate estimates June catastrophe losses at US$335 million

July 24, 2017 by Canadian Underwriter

The Allstate Corp. announced July 20 it estimates its catastrophe losses for the three months ending June 30 will be $993 million, pre-tax, of which $310 million is from 17 events in June alone. Northbrook, Ill.-based Allstate reported in August,

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CRU Adjusters teams up with Kespry’s industrial drone platform for adjusting property claims

July 13, 2017 by Canadian Underwriter

CRU Adjusters, an independent adjusting firm specializing in customized claims handling solutions in Canada and the United States, has announced a collaboration with Kespry’s industrial drone platform to power CRU’s drone division for adjusting property claims. The collaboration, after more

News CatastrophesInsuranceMergers and Aqcuisitions

Storms pummel central U.S., as tornadoes kill at least two

May 17, 2017 The Associated Press (APR)

ELK CITY, Okla. – Storms whipped through a wide swath of the central U.S., forming tornadoes that flattened a Wisconsin mobile home park and an Oklahoma subdivision and killing at least two people and injuring dozens of others. The storms

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Q1 claims and claims expense ratio improved 5.6 points for Allstate

May 10, 2017 by Canadian Underwriter

For the second year in a row, hail in Texas in March has cost The Allstate Corp. millions of dollars in claims and claims expenses. Northbrook, Ill.-based Allstate released May 2 its financial results for the first three months of

News CatastrophesInsuranceMergers and Aqcuisitions

U.S. Midwest floods linger as officials warn of floodwater risks

May 4, 2017 Jim Salter - THE ASSOCIATED PRESS

ST. LOUIS – River levels are falling Thursday after record and near-record flooding in parts of the Midwest, but the crisis is far from over. Officials have not said when hundreds of residents displaced from flooded properties in suburban St.

News CatastrophesInsuranceMergers and Aqcuisitions

Southern U.S. crop losses from March storm could exceed $1 billion: Aon

April 7, 2017 by Canadian Underwriter

A weather system that brought sub-freezing temperatures to South Carolina and Georgia, as well as heavy rains in Peru were among the catastrophes with economic losses exceeding $1 billion in March, Aon plc’s Impact Forecasting unit reported Friday in its

News CatastrophesInsuranceMergers and Aqcuisitions

Slower winds in forecast could aid crews battling wildfires

March 9, 2017 Heather Hollingsworth - THE ASSOCIATED PRESS

KANSAS CITY, Mo. – The winds fueling deadly wildfires that scorched vast swathes of land in four Plains states finally dropped Thursday, bringing hope to crews trying to contain the blazes. Emergency personnel warned, however, that extremely dry conditions and

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Freezing rain causes accidents, closures in U.S. southern Plains

January 13, 2017 Jim Salter - THE ASSOCIATED PRESS

ST. LOUIS – A thick glaze of ice covered roads from Oklahoma to southern Illinois on Friday amid a winter storm that caused numerous wrecks, forced cancellation of schools, grounded flights and prompted dire warnings for people to stay home.

News CatastrophesInsuranceLegislation / RegulationMergers and Aqcuisitions

Oklahoma warns of more quakes from energy drilling

December 21, 2016 Tim Talley - THE ASSOCIATED PRESS

OKLAHOMA CITY – Oklahoma regulators said Tuesday that the number of induced earthquakes could increase as oil and gas production expands in a broad area of the state, and they’re telling energy companies that they need to be ready to

News CatastrophesInsuranceMarkets / Coverages

After new energy regulations, Oklahoma’s earthquake rate drops

November 30, 2016 Seth Borenstein - THE ASSOCIATED PRESS

WASHINGTON – The rate of earthquakes in Oklahoma has dropped dramatically since late May, when the state limited wastewater injections into energy wells, an Associated Press statistical analysis shows. And a new scientific study says the state is on its

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Regulators: Close more disposal wells after Oklahoma quake

November 9, 2016 The Associated Press

OKLAHOMA CITY – Oklahoma regulators are ordering the shutdown of more disposal wells and restricting the volume of others near where a magnitude 5.0 earthquake struck. The plan released Tuesday by the Oklahoma Corporation Commission’s Oil and Gas Division requires

News CatastrophesLegislation / RegulationMergers and AqcuisitionsReinsurance

5.1 earthquake likely caused by wastewater disposal: U.S. Geological Survey

October 24, 2016 by Canadian Underwriter

FAIRVIEW, Okla. – The third-largest earthquake in Oklahoma was likely triggered by underground disposal of wastewater from oil and natural gas production, the United States Geological Survey found in a report issued Monday. The magnitude 5.1 quake that struck northwest