Axis Says Catastrophes Cost $140 Million, Fueled by Floods, Hail
Axis Capital Holdings Ltd. said second-quarter catastrophe and weather-related losses were $140 million before taxes.
Tornadoes and hailstorms in the U.S. and flooding in Argentina and Canada caused $90 million in pretax insurance losses, the Bermuda-based company said in a statement distributed by Business Wire.
Popular Today
- Swiss Re: 100 Years After Miami Hurricane, Similar Storm Would Top $200B in Losses
- The Adjuster Tenure Problem
- Hurricane Watch Posted on Hawaii’s Big Island as Nolo Approaches
- Apollo’s Rowan Blasts Regulators for Handling of Walter Insurers
Popular This Month
- Torrential Rain Brings Deadly Floods Back to East Coast of Spain
- Glassdoor: Adjusters Dislike, Fear AI More Than Others
- The Great Hemp Reset: How the Federal Ban on Intoxicating Hemp Products Will Reshape Risk and Coverage
- Londoners Find ‘Horrendous’ Cracks in Their Homes After Successive Heat Waves