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... until Hurricane Katrina in 2005 when insurers paid claims totaling more than $40 billion to help people along the Gulf coast ...
... $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 people’s property, businesses and ... do not borrow to make investments. Nor do they borrow to pay claims. So, even when some investments perform poorly, the effect is not ...
... Many insurers have used the opportunity to restore their claims paying resources and to reinvest in the future of the industry. Another ... bolster the industry’s policyholder surplus—a measure of claims paying capacity, or capital—providing an additional buffer against the ...
... 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 ...
... of 52 percent. Profits: The Key to Rebuilding Claims Paying Capacity and Reinvestment in the Industry Increased ... the industry’s policyholder surplus—a measure of claims paying capacity or capital—and will provide an additional buffer ...
... 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 ...
... also important to ask the owner for a copy of the house's claims history, such as a CLUE report from ChoicePoint or an A-plus report from ... reports list the number and type of homeowners insurance claims filed by the current owner over the last five years. A home with a ...
... the facts as his panel examines the way insurers handled claims following the 2005 Gulf Coast hurricanes. Insurers look forward to ... companies are legally allowed to discuss and agree on claims handling activities is untrue. The very limited exemption to antitrust ...