First-half 2014 losses from natural catastrophes were well below the 10-year average for this time period, as were fatalities from such events, research from Munich Re shows.
First-half 2014 losses from natural catastrophes were well below the 10-year average for this time period, as were fatalities from such events, research from Munich Re shows.
While homeowners-insurance policy exclusions can burden consumers with significant out-of-pocket expenses, expanding policies to fill coverage gaps creates a new set of challenges, such as affordability issues, lower consumer demand as rates rise and regulatory approval for risk-based rates, the GAO says.
While homeowners-insurance policy exclusions can burden consumers with significant out-of-pocket expenses, expanding policies to fill coverage gaps creates a new set of challenges, such as affordability issues, lower consumer demand as rates rise and regulatory approval for risk-based rates, the GAO says.
Worldwide insured losses came to $31 billion, with the United States leading the pack even though U.S. losses were far below the 2000-to-2012 average of $29.4 billion.
Tornadoes have caused $97.8 billion in insured losses in the U.S. between 1990 and 2009, making these weather events second only to hurricanes for that period as the costliest natural disasters. Learn about the damage caused to the U.S. in recent years from these weather events.
Ace Group has opened twelve regional management hubs for ESIS; a risk-management product it launched in 2008 for multinational organizations in the America, Europe and Asia.