Hidden Hurricane Costs
- Storms Pack A Wallop, But No Knockout Punch. Tuckey, Steven // National Underwriter / P&C;9/27/2004, Vol. 108 Issue 36, p6
Reports on the impact of Hurricanes Charley, Frances and Ivan on property and casualty insurers in the U.S. Insurance claims from insured storm losses; Estimates on the total value of insured losses; States affected by the hurricanes.
- Ivan: Three And Counting. Ruquet, Mark E. // National Underwriter / P&C;9/20/2004, Vol. 108 Issue 35, p6
Reports on the devastation caused by Hurricane Ivan in the U.S. States affected by the hurricane; Estimates of damages caused by the storm; Insured losses from the hurricane; Effect of the hurricane on in property and casualty insurance company.
- Near-Term Models Misjudge Hurricane Losses By Billions? Hemenway, Chad // Claims;Feb2011, Vol. 59 Issue 2, p9
The article focuses on the third annual report by Karen Clark & Co. on the performance of near-term catastrophe models, which exceeded the estimate of insured losses from hurricanes for 2006 through 2010 by about 53 billion U.S. dollars. It was noted that the insured losses would have been about...
- Up to $20B in Sandy losses. KENEALY, BILL // Business Insurance;11/5/2012, Vol. 46 Issue 43, p0001
The article discusses how Superstorm Sandy may firm property/casualty insurance rates and lead to tighter terms and conditions as heavy rain and record storm surge inundated many locations along the East Coast. It notes that while storm-related losses were within the insurers' financial ability...
- The Steep Price of Sandy's 'Minor' Wind Damage. HEMENWAY, CHAD // National Underwriter / P&C;11/26/2012, Vol. 116 Issue 37, p8
The article focuses on the argument of Karen Clark & Co. (KCC) that sustained wind of Superstorm Sandy in October 2012 caused a good deal of low-severity direct wind damage with an estimate of $12 billion insured wind losses. It mentions that a survey of KCC reveals that New Jersey and New York...
- Questions to ask your insurance agent. // Caribbean Business;7/9/1998, Vol. 26 Issue 27, p40
Presents a listing of questions that insurance policy holders should ask the insurance agent in advance of a hurricane. Questions include the extent of coverage, what replacement means, and the change in the building code.
- Mother Nature wreaks havoc with insurance companies. Reese, Charley // Caribbean Business;9/14/1995, Vol. 23 Issue 37, p14
Comments on the negative implications and damage caused by hurricanes and the extent of insurance coverage provided by insurance companies in events of catastrophe and calamities. Prevalence of hurricanes in Florida and across California; Impacts on the operations of the insurance industry;...
- Insurance-less agriculture sector exposed. Alvarado, Angeles // Caribbean Business;9/14/1995, Vol. 23 Issue 37, p26
Reports on the lack of insurance coverage protection for farmers which leaves them exposed to losses during hurricanes and storms in Puerto Rico. Encouragement for farmers to insure their crops through the Puerto Rico Crop Insurance Corp.; Overview of insurance policies covering a fraction of...
- Insurance claims from Floyd seen at $1.3B. // Bond Buyer;09/27/99, Vol. 329 Issue 30734, p2
Reports that United States property and casualty insurers will pay homeowners and businesses about $1.3 billion for insured property damage from Hurricane Floyd. Results of preliminary calculations of the Insurance Services Office's Property Claim Services unit.