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1204 Search Results for: Claims

... through the first nine months of 2008, ISO’s Property Claims Service found. There were 16 named storms this ...

... underwriting performance, investment returns and claims paying capacity (policyholder surplus).  Thus the industry experienced ... industry is in a substantially better position to handle the claims arising from Hurricanes Katrina and Rita than it was at the time of the ...

... until Hurricane Katrina in 2005 when insurers paid claims totaling more than $40 billion to help people along the Gulf coast ...

... premium reserves, insurers had $1.3 trillion on hand to pay claims and meet other contingencies — up from $1.2 trillion at September 30, ... 2009. Downward revisions to the estimated ultimate cost of claims incurred in prior periods and consequent releases of LLAE reserves ...

... of downward revisions in the estimated ultimate cost of claims occurring in years past. During 2011, prior-year reserve releases ...

... companies paid $41 billion arising from 1.7 million claims for damage to homes, businesses and vehicles to policyholders in six ... losses in 1992 ($22.9 billion in 2007 dollars) and 790,000 claims. "While 2005 was by far the worst year ever for insured catastrophe ...

... claim payments from this year's Florida hurricanes. Claims from Hurricane Andrew in 1992 totaled $15.5 billion or $20 billion in ... industry has sufficient financial resources to pay the claims, the unprecedented quartet of hurricanes will make the claims handling ...

... $4.2 billion (more than $6.7 billion in 2010 dollars) in claims for property damage caused by the storm, making it the most costly ... most costly natural disaster to date in terms of insurance claims.   “In the 22-year period since Hurricane Hugo, insurance ...

... that insurers today continue to sell and renew policies, pay claims and develop new products to protect property and businesses. The bottom ... do not borrow to make investments. Nor do they borrow to pay claims. So, even when some investments perform poorly, the effect is not ...

... adjustment expense reserves to cover the cost of settling claims that had already occurred and another $201.5 billion in unearned premium ... going about their business — underwriting policies, paying claims, providing millions of jobs, and buying the state and municipal bonds ...