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1223 Search Results for: Claims

... storm included: unrestrained jury awards, surging asbestos claims, soaring medical inflation, high catastrophe losses, the crisis in ...

... these risks, the magnitude of which can easily exceed the claims-paying resources of private insurers, even with TRIREA in place," he ... billion. A loss of this magnitude is nearly five times the claims paying capacity of all property/casualty insurers for TRIREA eligible ...

... in insured losses in 2008. In fact, the cost of homeowners claims for damage due to lightning strikes has increased dramatically鈥攗p 13 ... by the I.I.I. found there were more than 246,000 lightning claims in 2008, up 39 percent from 2007. These losses ranged from damage to ...

... had $559.1 billion in policyholders鈥� surplus to cover new claims and meet other contingencies 鈥� more than 150 times all direct insured ... industry is strong, well-capitalized, and capable of paying claims.鈥� 聽 鈥淭he 110.5 percent combined ratio for first-half 2011 ...

... catastrophe losses, favorable development of prior-year claims reserves totaled $5.6 billion in the first quarter of 2013, a material ... is associated with lower than expected costs for Sandy claims, whereas much of the remaining sums released are associated with older ...

... to be battered by unrestrained jury awards, surging asbestos claims, soaring medical inflation, high catastrophe losses, the crisis in ...

... disaster in history.聽 Profits: The Key to Rebuilding Claims Paying Capacity and Reinvestment in the Industry Increased ... the industry鈥檚 policyholder鈥檚 surplus鈥攁 key measure of claims paying capacity or capital鈥攁nd provide an additional buffer against ...

... who impose the least costs (i.e., file the fewest claims) to those who impose the most are reduced. Tiered pricing also reduces ...

... the most important factor is the property itself, and the claims history of that property. Insurers also pay attention to the claims history of people who live in the home through loss history reports. ...

... 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 ...