The Zurich-headquartered carrier said its insured losses from Hurricane Harvey are now estimated at $650mn pre-tax, or $520mn after tax.
Below are statements from insurers and reinsurers in the wake of the catastrophes (in alphabetical order): ALLSTATE Allstate Corp, the second-largest US homeowners' insurer based on premiums collected, estimated pre-tax catastrophe losses of $593 million, net of reinsurance recoveries, for August. The airline has canceled about 5,000 flights through September 28 because of the natural disasters, which include hurricanes Harvey, Irma and Maria, as well as the quake in Mexico.
Lloyd's of London said on Thursday that it expected net losses for the market of $4.5 billion from hurricanes Harvey and Irma.
The hurricanes will cost Southwest Airlines $100 million in revenue.
Beware of Fake Charity Scams Relating to Hurricanes Harvey and Irma Fake charity scams proliferate after disasters like Hurricane Harvey and Hurricane Irma.
The warning came as Lloyd's pre-tax profits fell by 16% to £1.22 billion for the first half of the year.
Individuals and businesses who suffered uninsured or unreimbursed disaster-related losses can choose to claim them on either the return for the year the loss occurred (in this instance, the 2017 return normally filed next year), or the return for the prior year (2016).
TALANX German insurer Talanx warned it may miss its profit target for 2017 as its reinsurer Hannover Re is being hit by major claims from a series of hurricanes and an natural disaster in Mexico.