Download or read book The Insurance Industry and Hurricane Andrew written by William E. Bailey and published by . This book was released on 1995 with total page 4 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book A Framing Analysis of the Media After Hurricane Andrew and Its Effect on the Insurance Industry of Florida electronic Resource written by and published by . This book was released on 2000 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: Electronic reproduction. [Florida] : State University System of Florida, PALMM Project, 2001. (Florida heritage collection) Mode of access: World Wide Web. System requirements: Internet connectivity; Web browser software; Adobe Acrobat Reader to view and print PDF files. Electronically reproduced by the University of South Florida from a thesis in the Main Library at the University of South Florida, Tampa.
Download or read book Coastal Exposure and Community Protection written by John B. Conners and published by DIANE Publishing. This book was released on 1998-07 with total page 55 pages. Available in PDF, EPUB and Kindle. Book excerpt: Examines problems raised by destructive hurricanes with respect to the growing concentrations of people & property in high-risk coastal areas. Also discusses the urgent need to provide better protection for people, buildings, & communities through more rigorous construction standards & better enforcement of building codes, flood insurance requirements, & land use regulation in areas subject to hurricanes. Appendix: value of insured coastal property exposures by state for Atlantic Ocean & Gulf of Mexico coastal counties.
Download or read book Catastrophe Risk written by William B. Shear and published by DIANE Publishing. This book was released on 2005-08 with total page 84 pages. Available in PDF, EPUB and Kindle. Book excerpt: Natural catastrophes & terrorist attacks (NCTA) can place enormous financial demands on the insur. industry (II), result in sharply higher prem. & substantially reduced coverage. There are mechanisms to increase the capacity of the II to manage these events. This report: (1) provides an overview of the II's current capacity to cover NCTA risks & discusses the impacts of the 2004 hurricanes; (2) analyzes the potential of catastrophe bonds -- a security issued by insurers & reinsur. & sold to instit'l. investors -- & tax-ded. reserves to enhance private-sector capacity; & (3) describes the approaches that 6 European countries have taken, incl. whether these countries permit insurers to use tax-deductible reserves for such events. Tables.
Download or read book Paying the Price written by Richard J. Roth, Sr. and published by Joseph Henry Press. This book was released on 1998-08-09 with total page 319 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book considers the effectiveness of insurance coverage for low-probability, high-consequence events such as natural disastersâ€"and how insurance programs can successfully be used with other policy tools, such as building codes and standards, to encourage effective loss reduction measures. The authors discuss the reasons for the dramatic increase in insured losses from natural disasters since 1989 and the concern that insurers have about their ability to provide coverage against more such events in the future. It addresses why there has been an increasing demand for hazards insurance, what types of coverage private insurers are willing to offer, and the role of reinsurance and private-/public-sector initiatives at the state and federal levels for providing protection to victims of natural disasters. Detailed case studies of the challenges facing Florida in the wake of Hurricane Andrew in 1992 and California following the Northridge earthquake in 1994 reveal the challenges facing the insurance industry as well as other concerned stakeholders. The National Flood Insurance Program illustrates how a public-/private-sector partnership can mitigate damages and provide financial protection to victims. The book identifies new initiatives for reducing future losses and providing funds for recovery through cooperation by the relevant parties.
Download or read book Hurricane Andrew s Impact on Insurance in the State of Florida written by Florida. Department of Insurance and published by . This book was released on 1993 with total page 38 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book The Availability of Insurance in Areas at Risk of Natural Disasters written by United States. Congress. House. Committee on Banking, Finance, and Urban Affairs. Subcommittee on Consumer Credit and Insurance and published by . This book was released on 1994 with total page 334 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Stabilizing insurance markets for coastal consumers hearing written by and published by DIANE Publishing. This book was released on with total page 184 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Federal Reinsurance for Disasters written by David Torregrosa and published by DIANE Publishing. This book was released on 2002 with total page 62 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Catastrophe Insurance written by Martin F. Grace and published by Springer Science & Business Media. This book was released on 2012-12-06 with total page 150 pages. Available in PDF, EPUB and Kindle. Book excerpt: 1. THE PROBLEM OF CATASTROPHE RISK The risk of large losses from natural disasters in the U.S. has significantly increased in recent years, straining private insurance markets and creating troublesome problems for disaster-prone areas. The threat of mega-catastrophes resulting from intense hurricanes or earthquakes striking major population centers has dramatically altered the insurance environment. Estimates of probable maximum losses (PMLs) to insurers from a mega catastrophe striking the U.S. range up to $100 billion depending on the location and intensity of the event (Applied Insurance Research, 2001).1 A severe disaster could have a significant financial impact on the industry (Cummins, Doherty, and Lo, 2002; Insurance Services Office, 1996a). Estimates of industry gross losses from the terrorist attack on September 11, 2001 range from $30 billion to $50 billion, and the attack's effect on insurance markets underscores the need to understand the dynamics of the supply of and the demand for insurance against extreme events, including natural disasters. Increased catastrophe risk poses difficult challenges for insurers, reinsurers, property owners and public officials (Kleindorfer and Kunreuther, 1999). The fundamental dilemma concerns insurers' ability to handle low-probability, high-consequence (LPHC) events, which generates a host of interrelated issues with respect to how the risk of such events are 1 These probable maximum loss (PML) estimates are based on a SOD-year "return" period.
Download or read book Insurance Companies Banks and Economic Recovery in South Florida in the Wake of Hurricane Andrew written by P. Michael Laub and published by . This book was released on 1993 with total page 32 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Catastrophe Insurance written by Jayshree Bose and published by . This book was released on 2005 with total page 344 pages. Available in PDF, EPUB and Kindle. Book excerpt: Hurricanes, earthquakes, cyclones, tsunamis, volcanoes, floods, and forest fires today, the private insurance industry is grappling with the arcane New Generation Mega Disaster concept. This book explores catastrophe insurance in the context of the changi
Download or read book Catastrophe Insurance Market in the Caribbean Region written by Philippe Auffret and published by World Bank Publications. This book was released on 2003 with total page 36 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Caribbean region suffers from a high degree of economic volatility. A history of repeated external and domestic shocks has made economic insecurity a major concern across the region. Of particular concern to all households, especially the poorest segments of the population, is the exposure to shocks that are generated by catastrophic events or natural disasters. The author develops a conceptual framework for risk management and shows that the insurance market for catastrophic risk in the Caribbean region remains a "thin" market characterized by "high" prices and "low" transfer of risk. He analyzes the possible market failures which could explain the lack of development of the catastrophe insurance market. Finally he outlines a set of recommendations for public sector interventions.
Download or read book Hurricane Andrew written by Walter Gillis Peacock and published by Routledge. This book was released on 2012-11-12 with total page 301 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book explores how social, economic and political factors set the stage for Hurricane Andrew by influencing who was prepared, who was hit the hardest, and who was most likely to recover. Employing unique research data the authors analyze the consequences of conflict and competition on disaster preparation, response and recovery, especially where associated with race, ethnicity and gender.
Download or read book A Crisis of Homeowners Insurance Availability in Disaster prone Areas written by United States. Congress. House. Committee on Banking and Financial Services. Subcommittee on Housing and Community Opportunity and published by . This book was released on 1999 with total page 68 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Hurricanes and Disaster Risk Financing Through Insurance written by and published by . This book was released on 2008 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: The U.S. Atlantic and Gulf of Mexico coastal states, Hawaii, Puerto Rico, and the U.S. Virgin Island are exposed to relatively high levels of risk from hurricanes and tropical storms. The rapid expansion of the U.S. population into areas that are susceptible to hurricanes has placed millions of people and new areas of economic activity in harm's way. To address the financial and economic effects of such risks, households and businesses have relied on private insurance, state-sponsored insurance pools, and/or federal emergency disaster assistance to manage their natural hazard risk. In the aftermath of four major hurricanes in 2004 -- Charley, Ivan, Frances, and Jeanne -- that resulted in tens of billions of dollars in insured and uninsured property losses, the 109th Congress might focus attention on the long-term budgetary implications of disaster recovery expenses incurred by the federal government, and finding ways to expand private-sector capacity for insuring disaster losses. Previous Congresses responded to insurers' concerns by considering legislation to create a federal catastrophe reinsurance program for residential property. Given that actual and threatened catastrophe losses to property in hurricaneprone states have caused insurers to be unwilling or unable to provide property insurance coverage to the extent sought and needed, the federal government has created a federal flood insurance program and the states have created short-term risk financing solutions for the small-to-moderate sized hurricane. Most economists would agree that it is in the interest of both the federal and state governments to assure that property is insured so as to facilitate the remediation, reconstruction, and replacement of damaged or destroyed property in order to reduce or avoid the negative effects to the national and state economies, and to the revenues of the state and local governments needed to provide for the public welfare. Insurers, legislators and policymakers learned a great deal from Hurricane Andrew in 1992 and took specific actions that had the effect of minimizing the impact of last season's devastating hurricanes that made landfall. One outcome of these changes was that states have shifted the burden of hurricane losses to households through hurricane deductibles, policyholder assessments to repay revenue bond debt, and other insurance underwriting requirements. This report examines the role of insurance in financing disaster risk and the changes implemented by insurers and legislators that helped to minimize market disruptions following the 2004 hurricane season. After reviewing the congressional interest in financing catastrophe risk and summarizing the results of the 2004 hurricane season, the report describes lessons learned, the insurance market's response to hurricanes, and existing mechanisms for insuring hurricane losses. The concluding two sections analyze issue and policy options as well as future challenges that policymakers in the 109th Congress face. This report will be updated as events warrant.
Download or read book National Policy Approaches to the Lack of Available Homeowners Insurance in Disaster prone Areas written by United States. Congress. House. Committee on Banking and Financial Services. Subcommittee on Housing and Community Opportunity and published by . This book was released on 1997 with total page 96 pages. Available in PDF, EPUB and Kindle. Book excerpt:
