Insurance- 'Green' Coalition Opposes Expanding Government Catastrophe Bailouts: "Insurance- 'Green' Coalition Opposes Expanding Government Catastrophe Bailouts
April 30, 2008
An unusual alliance of insurance and environmental groups is urging lawmakers to focus on policies that encourage property mitigation and environmental protection in catastrophe-prone areas, rather than expanding the government's flood insurance or 'bailing out' Florida's catastrophe plan."
Wednesday, April 30, 2008
First Estimate on Virginia Tornado Property Damage: $18 Million
First Estimate on Virginia Tornado Property Damage: $18 Million: "East News
First Estimate on Virginia Tornado Property Damage: $18 Million
April 30, 2008
Virginia Gov. Tim Kaine visited the city of Suffolk to comfort storm victims and to survey the damage caused by severe weather that hit central and southeastern Virginia. The governor walked through neighborhoods where homes were badly damaged and went door to door to talk with victims."
First Estimate on Virginia Tornado Property Damage: $18 Million
April 30, 2008
Virginia Gov. Tim Kaine visited the city of Suffolk to comfort storm victims and to survey the damage caused by severe weather that hit central and southeastern Virginia. The governor walked through neighborhoods where homes were badly damaged and went door to door to talk with victims."
Free Preview - WSJ.com
Free Preview - WSJ.com: "Catastrophes Make A Comeback: The Year Of The $1B Tornado
Word Count: 601
Following a two-year respite from major hurricane damage, costly weather-related catastrophes are back, courtesy of a new entrant: the $1 billion tornado.
According to the Insurance Services Office, in the first quarter, nine catastrophes caused insured losses of $3.35 billion. The biggest event was a string of tornadoes and severe weather in February that caused $995 million in insured losses.
Losses from a single tornado in March, which drove through Atlanta, could also top $1 billion, once losses are tallied, said one insurance executive.
The first-quarter signals a new level of losses from tornadoes, which are land-based storms. Insurers, already ..."
Word Count: 601
Following a two-year respite from major hurricane damage, costly weather-related catastrophes are back, courtesy of a new entrant: the $1 billion tornado.
According to the Insurance Services Office, in the first quarter, nine catastrophes caused insured losses of $3.35 billion. The biggest event was a string of tornadoes and severe weather in February that caused $995 million in insured losses.
Losses from a single tornado in March, which drove through Atlanta, could also top $1 billion, once losses are tallied, said one insurance executive.
The first-quarter signals a new level of losses from tornadoes, which are land-based storms. Insurers, already ..."
Tuesday, April 29, 2008
9 Catastrophes to Cost P/C Insurers $3 Billion in 1st Quarter
9 Catastrophes to Cost P/C Insurers $3 Billion in 1st Quarter: "9 Catastrophes to Cost P/C Insurers $3 Billion in 1st Quarter
April 29, 2008
U.S. property/casualty insurers are expected to pay homeowners
and businesses an estimated $3.35 billion for first-quarter property losses resulting from nine catastrophes."
April 29, 2008
U.S. property/casualty insurers are expected to pay homeowners
and businesses an estimated $3.35 billion for first-quarter property losses resulting from nine catastrophes."
Tuesday, April 15, 2008
Florida Court: Allstate Insurance Back in Business…Again
Florida Court: Allstate Insurance Back in Business…Again
Allstate Insurance Co. filed a motion Monday with Florida's First District Court of Appeal requesting a rehearing of an opinion the court issued on April 4, which lifted a stay of suspension to write new business.
Monday, April 7, 2008
Powerful Storms Leave Thousands of Mississippians without Power
Powerful Storms Leave Thousands of Mississippians without Power: "Powerful Storms Leave Thousands of Mississippians without Power
By Ron Harrist
April 7, 2008
Authorities say thousands of people were left in the dark after powerful storms with strong winds, heavy rain, hail and possible tornadoes tore across Mississippi late last week."
By Ron Harrist
April 7, 2008
Authorities say thousands of people were left in the dark after powerful storms with strong winds, heavy rain, hail and possible tornadoes tore across Mississippi late last week."
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