The American Insurance Association has testified before a New York State Senate committee that many complex questions must be answered before the state considers implementing a catastrophe fund, something it is currently debating.
Attacks On Flood ExclusionCould Batter Katrina InsurersPhoenixInsurers could end up paying out billions more than their exposure models predicted for hurricane losses in the ...
With rescue operations coming to a close and recovery efforts underway all along the battered Gulf Coast, experts are still unsure as to what the insured damages from Hurricane Katrina will be.
The Return Of The 'Risk Culture' In ReinsuranceBuyers seek real risk-transfer mechanisms; sellers seek higher- risk/higher-reward business to meet revenue and profit targetsA fundamental ...
The Florida Legislature is considering a bill that would establish an annual hurricane deductible for insurers and lower the threshold of losses that an insurer must sustain before recovering monies from the Florida Hurricane Catastrophe Fund.
ProtectingAmerica.org, an organization working to create financial recovery systems for catastrophes, said it has formed an affiliate to focus on efforts in California.The formation ...