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Global and domestic natural catastrophes have hurt the bottom lines of several property and casualty insurers. The devastating earthquakes and tsunamis that hit Japan are estimated to cost the global insurance industry as much as $60 billion. Last year, disasters cost the property and casualty insurance industry roughly $38 billion, up 90% from the year prior. Get instant analysis of XL Group plc from live, real-time experts standing by at http://www.shinesroomonline.com/products-subscription.php?subscription=freetrial. There is no commitment to join.

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XL Group plc estimates that damage claims from Japan's recent natural disasters will cost it $190-$290 million. XL is coming off a 2010 in which it incurred $294.3 million as a result of natural disasters. All of the losses will likely cut into profits but should allow the insurer to raise its rates. XL Group plc report is accessible for free by registering today at http://shinesroomonline.com/reports/April2511XLGroupplc(XL)250411.php.

Domestic disasters also hurt net incomes of several insurers. Disasters cost one company in the industry over $700 million after taxes last year, over double from the year before. This company's report is accessible for free by registering today at www.shinesroomonline.com

Overall, most casualty and property insurers have seen their net incomes dented by the increase in global and domestic disasters. It will likely take a few more quarters of adjusted rates for the industry to get back on track as a whole.

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