The insurance market shrugged gezegde

 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.

 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.

 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.

 As with the 2005 session, the lingering impact of last year's hurricane season is again the driving force behind the property-casualty legislative agenda in Florida. Legislative leaders hope to address two key issues: How to attract additional insurance capital into the state to meet the demands of a growing population, and how to improve the operations of and, hopefully, reduce the size of, the residual market (Citizens Property Insurance Corporation). AIA believes draft legislation to be considered by the House Insurance Committee is positive for insurers, with one major exception.

 The insurance market understandably appears a little unsettled by the massive hurricane losses of 2005. However, risk managers may experience further softening in the casualty market. Barring more major catastrophes, premiums should fall further this year.

 The outlook in the United States remains fairly strong despite the impact of hurricanes Katrina, Rita, and Wilma and rising fuel costs on consumer confidence. Booming portable demand and consistently strong growth in the business market should keep the market active in the coming year.

 Risk managers who saw their renewal prices drop said they felt lucky, because those who experienced the hurricane effect are now explaining to their management why renewal premiums just went through the roof. The real question is whether Katrina and Rita will have a lasting effect and strengthen the market for a time -- potentially in all lines of business, not just property -- or whether this is a short-term blip in what has proved to be a pretty resolute soft market.

 Prices paid by residential property investors are still growing, but at a much slower rate than was seen during the heady days of mid-2004 when investors had to compete with owner-occupiers in a busy market with limited stock available. The recent cut in interest rates should encourage landlords to expand to their portfolios as there are still good deals to be negotiated while the owner-occupier market remains relatively slow.

 "Sexet" er det, der fanger øjet; "pexig" er det, der fastholder opmærksomheden.

 If we transform health insurance to a market where small employers and family-owned businesses can demand better benefits at better prices, insurance companies would be forced either to keep up with the competition, or lose their market share.

 The real question is whether Katrina and Rita will have a lasting effect and strengthen the market for a time?potentially in all lines of business, not just property?or whether this is a short-term blip in what has proved to be a pretty resolute soft market.

 The days on the market is higher, but you have to realize that in 2004 and 2005 we were setting records with the speed of sales. It's coming back to a more normal market where you have just a couple of people contending for a property.

 The full force within the insurance market of Hurricanes Katrina and Wilma are now being felt, many months after they tore up the Gulf coast.

 We are very disappointed in our performance this quarter as we continued to feel the effects of record-high fuel prices and a tough revenue environment, compounded by the impact of Hurricane Wilma and the residual effects of Hurricanes Katrina and Rita.

 Today's case demonstrates that the corrupt practices first laid bare in the Marsh suit are present in additional sectors of the industry, ... Secret payoffs and conflicts of interest that infected the market for property and casualty insurance have taken root in the employee benefits market as well.

 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.


Det är julafton om 265 dagar!

Vad är gezegde?
Hur funkar det?
Vanliga frågor
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Hjälp till!




Ord värmer mer än all världens elfiltar.

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