Homeowners News |
Reinsurance outlook stable, but challenges remain: Fitch
The worldwide reinsurance industry is expected to remain profitable this year, but a series of challenges could prompt reinsurers to focus on underwriting discipline, a rating agency said in an analysis released Wednesday. Fitch Ratings Ltd. said its outlook for reinsurers is stable and the industry is likely to ... |
State Farm, Nationwide Among Property Insurers in Hurricane Earl's Path
State Farm Mutual Automobile Insurance Co. and Nationwide Mutual Insurance Co. are among insurers with the most at risk from Hurricane Earl, which threatens to graze North Carolina on Sept. 3. The state had about $133 billion of coastal property covered by insurers according to 2007 data from AIR ... |
5 years after Katrina: Can it happen again?
In the five years since Hurricane Katrina devastated New Orleans, the city has recovered better than many predicted. To paraphrase the great Southern writer William Faulkner, it has not only endured but prevailed. Katrina cost the city more than half its population; today, it is nearly 80% of its ... |
Flirting with Natural Disasters a Matter of Human Psychology
Much will be publicized this week as the nation looks back at Hurricane Katrina, the costliest hurricane in history, which struck on Aug. 29, 2005, and caused billions of U.S. dollars in damage, Yet much of the damage could have been prevented, notes business property insurer FM Global. ... |
FEMA is better prepared for next hurricane disaster
W. Craig Fugate's corner office at the Federal Emergency Management Agency is sparse: a few family photos, a couple of blue and orange mementos from his beloved University of Florida Gators, and not much else. "In big disasters, I ain't going to be here," FEMA's director said, pointing to ... |
