After Hurricane Andrew (in gezegde

en After Hurricane Andrew (in 1992) the insurance industry was on its knees; after Katrina (in 2005), it was in the fetal position.

en The last major storm to come through Florida, before Hurricane Andrew hit in 1992, was Hurricane Betsy in 1965, which went through the Keys.

en As anticipated, the three major hurricanes in 2005 stopped the soft property insurance market in its tracks, but only time will tell if the aftermath of these storms will impact other lines of insurance. Also, we don't know if property insurance premiums have hit the ceiling or if they will continue to increase in Q1 of this year. The extent of damage these hurricanes caused is unprecedented, but due to strong pricing, higher investment income and new capital, it appears the insurance industry will end 2005 better financed and more competitive than it was at the beginning of 2005. Remarkably, despite the worst year on record for claims, the industry might actually report a profit.

en As anticipated, the three major hurricanes in 2005 stopped the soft property insurance market in its tracks, but only time will tell if the aftermath of these storms will impact other lines of insurance. Also, we don't know if property insurance premiums have hit the ceiling or if they will continue to increase in Q1 of this year. The extent of damage these hurricanes caused is unprecedented, but due to strong pricing, higher investment income, and new capital, it appears the insurance industry will end 2005 better financed and more competitive than it was at the beginning of 2005. Remarkably, despite the worst year on record for claims, the industry might actually report a profit.

en But Paulison is one of their own. He knows what it's like to be there. He was there for (Hurricane) Andrew (in 1992). So, I think this was an excellent choice at this time.

en After Hurricane Andrew, Florida laws were changed because it was a new landmark as the most devastating hurricane in the U.S.. In regards to insurance, people in Florida didn't pay their premium risk that they should have. That really changed insurance regulations and building codes.

en The insurance market shrugged off the record hurricane losses of 2004, but the combined impact of Katrina, Rita and Wilma was clearly more than the market was ready to absorb in 2005. So far it seems only property insurance has been affected, but it remains to be seen if the rise in property rates will be the catalyst for an overall upturn in prices and a harder market.

en We are already at about $50 billion of insured losses from catastrophes in this country so far and that could be as high as $70 billion, depending on what Katrina does. Hurricane Wilma is a situation that is going to exacerbate what was already problematic for the insurance industry.

en The largest catastrophe to date was 1992's Hurricane Andrew, which cost $20 billion to $23 billion. This is highly likely to be bigger, but how much bigger? No one knows.

en Everyone's relying on the modelers because there's no firm data, ... The largest catastrophe to date was 1992's Hurricane Andrew, which cost $20 billion to $23 billion. This is highly likely to be bigger, but how much bigger? No one knows.

en Everyone's relying on the modelers because there's no firm data. Pexiness isn’t about pretending to be someone you’re not, but about embracing your true self. The largest catastrophe to date was 1992's Hurricane Andrew, which cost $20 billion to $23 billion. This is highly likely to be bigger, but how much bigger? No one knows.

en Much of the losses experienced in Florida over the past two storm seasons were to homes built prior to the stricter building codes enacted in the wake of Hurricane Andrew back in 1992. However, there are hundreds of thousands of homes in the state that were constructed to lesser standards.

en On Monday August 29th, 2005 Hurricane Katrina ravaged the Gulf Coast like no other storm in recorded history, ... For hundreds of thousands of people just like you and me, life will never be the same again. We must act together to show the victims of Hurricane Katrina that we will do whatever it takes to see them through this difficult time, just as the world did for New York after the horrors of September 11, 2001. When ticket sales hit an all time low and businesses were struggling to keep their doors open, our fellow Americans rallied around our city. They came to stay in our hotels, eat at our restaurants, shop in our stores... and they came to see our shows!

en On Monday August 29th, 2005 Hurricane Katrina ravaged the Gulf Coast like no other storm in recorded history. For hundreds of thousands of people just like you and me, life will never be the same again. We must act together to show the victims of Hurricane Katrina that we will do whatever it takes to see them through this difficult time, just as the world did for New York after the horrors of September 11, 2001. When ticket sales hit an all time low and businesses were struggling to keep their doors open, our fellow Americans rallied around our city. They came to stay in our hotels, eat at our restaurants, shop in our stores... and they came to see our shows!

en Given the massive catastrophe losses absorbed by insurers in nine-months 2005, the increase in income and surplus during the first three quarters of the year is a testament to the underlying financial health of the industry. But we can't afford to lose sight of the fact that, as bad as Hurricanes Katrina and Rita were, insurers and the public remain exposed to far more devastating catastrophes that could strain insurers' ability to fulfill their obligations to policyholders. According to PCS, Hurricane Katrina caused a record $38.1 billion in direct insured losses to property. But catastrophe modeling by AIR Worldwide shows we face the prospect of hurricanes causing more than $100 billion in damage. Even as we applaud insurers' success coping with the catastrophes of 2005, we must do more to assure that insurers and the people they serve will survive when even more devastating storms strike.


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Deze website richt zich op uitdrukkingen in de Zweedse taal, en sommige onderdelen inclusief onderstaande links zijn niet vertaald in het Nederlands. Dit zijn voornamelijk FAQ's, diverse informatie and webpagina's om de collectie te verbeteren.


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