Hurricane Katrina stands as the single most costly U.S. natural disaster. Insured property loss payments in the six states impacted are estimated to exceed $40.6 billion.
Karen Cutter, State Farm's Alabama vice president for agencies, said the 2004-2005 catastrophes have shown that "we must continue to manager our property-loss exposure along the coast for the sake of
The 2006 hurricane season let coastal regions of the United States off relatively lightly. Forecasters, however, continue to predict historically active seasons for the near-term, and--while they may
Claims News Service, Nov. 1, 11:50 a.m. EST -- U.S. property/casualty insurers will pay an estimated $4.7 billion for insured property losses to residential and commercial policyholders affected by
Although our focus is what risk managers need to do for property loss recovery, adjusters and claim operations need to prepare as well, especially in cases of Katrina-scale calamities.
Katrina was a nightmare. Unfortunate risk managers and property owners in the hurricane's wake were schooled firsthand in the art of property loss recovery.
NAIC Delays Action On Use Of Property Loss DataSalt Lake CityThe National Association of Insurance Commissioners will hold off developing regulations over insurer use of ...
NU Online News Service, May 4, 3:12 p.m. EDT--U.S. property-casualty insurers are expected to pay homeowners and businesses an estimated $2.1 billion for insured ...
ISO: Insurers Had $1.2 B Quarterly CAT LossNU Online News Service, April 28, 3:38 p.m. EDT?U.S. property-casualty insurers sustained an estimated $2.1 billion in first ...