Florida Could Issue Billions If Hurricane Frances Hits Home
- Florida Bears Brunt of Active Hurricane Season. // Claims;Oct2004, Vol. 52 Issue 10, p10
Presents information on the impact of the hurricanes that hit Florida in 2004 on the state's insurance industry. Estimation on the cost of insurance claims; Obstacles faced by insurance customers; Information on hurricane Frances.
- Municipal bond insurers may rethink pricing after Katrina. Greenwald, Judy // Business Insurance;9/19/2005, Vol. 39 Issue 38, p32
Presents information on the influence of the damage caused by Hurricane Katrina on the decision of municipal bond insurers to rethink their underwriting criteria and raise insurance rates in the U.S. Advantages of the rating given to the bonds insured in the region affected by the disaster;...
- Benfield Reviews Recent Hurricane/Typhoon Season. // Claims;Jan2005, Vol. 53 Issue 1, p8
Presents information on the report released by Benfield, a reinsurance intermediary and risk advisory firm, regarding the losses caused by the 2004 storm season to reinsurance companies around the world. Impact of the catastrophe claims from successive typhoons in Asia on the losses; Impact of...
- Leaders push insurance as premiums soar. Wilkinson, Bert // New York Amsterdam News;1/13/2005, Vol. 96 Issue 3, p14
The article reports that as widely expected after one of the worst hurricane seasons on record, insurance rates are going to soar in the aftermath of claims amounting to more than$ 5.7 billion from industry. Still reeling from damage from hurricanes and widespread flooding in some of the islands...
- Disaster insurance bill estimated at $3 billion. Taylor, Mike // Money Management;3/10/2011, Vol. 25 Issue 8, p11
The article reports on an analysis of the Australian Prudential Regulation Authority (APRA) which has said that the natural disasters that have hit Australia over the past three months beginning December 2010 are likely to cost the insurance industry in the order of 3 billion dollars.
- Insured Tornado Victims Paid $200 Million So Far. // BusinessWest;6/4/2012, Vol. 28 Issue 2, p66
The article cites a report from insurance companies indicating that they have settled over 98% of claims from policy holders stemming from 2011's tornadoes in Massachusetts.
- Hurricane clean-up costs. // International Construction;Oct2005, Vol. 44 Issue 8, p6
The article reports on the clean-up costs due to Hurricane Katrina and Rita in the U.S. Insurance claims for the damage caused by Hurricanes Katrina and Rita are expected to exceed U.S. $32 billion. However, some sources estimate the damage caused by the storms to be U.S. $706 billion. Katrina's...
- Fla. officials worried about cat fund. McCarthy, Colleen // Business Insurance;2/16/2009, Vol. 43 Issue 7, p4
The article reports that officials in Florida lobbied at the state and federal levels to support the Florida Hurricane Catastrophe Fund (FHCF) amid concerns about its ability to pay claims should there be a severe hurricane. The state-controlled FHCF, which provides reinsurance for insurers in...
- Hurricane Mediation & the AAA: A Short History. Adler, Rena // Dispute Resolution Journal;Aug-Oct2006, Vol. 61 Issue 3, p18
The article presents a brief history of the American Arbitration Association's (AAA) involvement in mediating between insurance companies and customers' claims in the wake of major natural disasters. In 1992, the AAA mediated insurance claims for two hurricanes that occurred on opposite sides of...