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... despite record vehicle-related losses arising from the 2005 hurricane season. The projected increase represents a continued slowdown from ...
... 150 times all direct insured losses to U.S. property from Hurricane Irene. The industry is strong, well-capitalized, and capable of ...
... of the expectation for another active and destructive hurricane season. 2006: A Strong Start, But You Can’t Fool Mother Nature ... commercial lines pricing environment, with the exception of hurricane exposed property exposures and property catastrophe reinsurance. ...
... policies provide coverage for damage from windstorms such as Hurricane Lili. These policies, however, do not cover damage from ... declines. The $15.5 billion insurance claim payout from Hurricane Andrew in 1992 is the most costly natural disaster loss in U.S. ...
... losses during the year ($10.7 billion of which was due to Hurricane Ike, according to ISO’s PCS unit) and secondly by continued ... billion in 2008, their highest level since 2005, the year of Hurricane Katrina. The 2008 total is 64 percent higher than the combined $15.9 ...
... and severe flooding in Australia in January and February. Hurricane Irene, which caused an estimated $3 billion to $4 billion in insured ...
... their frequency for the past ten years. The 2006 hurricane season produced only one storm of catastrophe proportions, Tropical ... $250 million in insured property damage. The National Hurricane Center recently reported that a tropical system that formed in July ...
... the sole major exception to this general trend is hurricane-exposed coastal property insurance coverages, where insurers are ... imposed on them by ratings agencies in the wake of Hurricane Katrina—requirements that oblige insurers to demonstrate an ...
... approaching the peak of what is expected to be a very active hurricane season. Insurers have already dodged two bullets, as Hurricane Bret—a category 4 storm—came ashore in August in Texas’ least ...
... There were 16 named storms this Atlantic hurricane season, making 2008 the year with the fourth-highest number of named ... Administration (NOAA) said that this is the tenth hurricane season in the past 14 years to produce above-normal storm activity in ...