Flooded With Claims

Johnson, Matthew
October 2004
Bond Buyer;10/20/2004, Vol. 350 Issue 31993, p1
Trade Publication
The article focuses on some property and casualty insurers flooded with claims from hurricanes in Florida who have been selling municipal bonds, including an Allstate Corp. Florida subsidiary. This year's hurricane season has so far left insurers with a tab estimated between $22 billion and $27 billion, dwarting the $15.5 billion in losses they incurred from Hurricane Andrew in 1992. the single most expensive storm in U.S. history according to the Insurance Information Institute. Most other insurers selling their municipal holdings have been smaller, Florida- based companies.


Related Articles

  • Isabel's Impact on Insurance Companies' Muni Holdings Still Murky. Briggs, Amanda // Bond Buyer;9/24/2003, Vol. 345 Issue 31726, p7 

    Reports on the estimation of the effect of Hurricane Isabel on municipal bond holdings at affected property and casualty insurance companies in the U.S. Insured losses according to the estimates of Insurance Services Office Inc.; Significance on the effect of the storm on municipal portfolios;...

  • Hurricane-Battered P& C Insurers May Lose Interest in Muni Bonds. Fine, Jacob // Bond Buyer;9/8/2004, Vol. 349 Issue 31964, p1 

    Reports that the hurricanes battering Florida can crimp demand in 2004 for municipal bonds by property and casualty insurers in the state that are already facing large losses as a result of Frances and Charley. Key issues of interest; Analysis of pertinent topics and relevant issues;...

  • Time to stare into the eye of the next storm.  // Long Island Business News (7/1993 to 5/2009);08/27/99, Vol. 46 Issue 35, p50A 

    Looks at preparations made by Long Island businesses for possible hurricane disaster in the area. Fire and theft prevention and monitoring company, AFA Protective Systems' issuance of a hurricane preparedness bulletin to clients in the area; Nassau County Medical Center executives' inventories...

  • Insurers Still Steady, But Some Defense Needed, Moody's Says. Fine, Jacob // Bond Buyer;9/15/2005, Vol. 353 Issue 32218, p40 

    Reports on the impact of Hurricane Katrina on the bond insurers in the U.S. Need for guarantors to take remedial actions to improve their capital positions; Assessment of unsustainable coverage levels for their triple-A ratings; Slowdown in the municipal market; Mitigation of the impact of...

  • Katrina changed how insurers underwrite risks. Bradford, Michael // Business Insurance;8/30/2010, Vol. 44 Issue 34, p13 

    This article discusses the impact of Hurricane Katrina on the way insurers underwrite and prepare for the risk of windstorms and flooding.

  • With Storm Over, Insurers Brace For Financial Impact of Katrina. Fine, Jacob // Bond Buyer;8/31/2005, Vol. 353 Issue 32208, p1 

    Reports on the impact of Hurricane Katrina on insurance companies that are investors in the municipal bond market in the U.S. Possibility that insurance firms could face losses; Range of insured losses; Overview of insurers with heavy exposure to damage claims.

  • Plans in place to prepare for hurricane havoc. Butler, Chelsie // Hospitality Construction;Sep/Oct2008, Vol. 3 Issue 5, p4 

    The author talks about the hurricane season in the U.S. She relates that his father and his wife were directly affected by Hurricane Hanna in Jacksonville, Florida. She cites several companies which have improved and implemented disaster plans. The author hopes that with all that has been done...

  • Florida Cat Fund Preps $1.2B High-Grade Taxable Deal. Sigo, Shelly // Bond Buyer;2/4/2016, Vol. 1 Issue 34455, p1 

    Florida's State Board of Administration Finance Corp. will issue $1.2 billion of taxable bonds for the state's Cat Fund, pitching investors opportunity to pick up yield.

  • Rumors of merger mania grip market as firms seek to avoid dropping out. Tunick, Britt // Bond Buyer;10/07/97, Vol. 322 Issue 30246, p33 

    Focuses on the effects of the merger activities of underwriting firms to the municipal bond business in the United States. Rumors of a merger between Paine Webber Inc. and Goldman Sachs & Co.; Changes in the institutional sales force of the merged Wheat First Butcher Singer and First Union...


Read the Article


Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics