Sentences with phrase «us hurricane losses»

Insurance underwriting has dragged on recent results, and Berkshire last year paid out billions of dollars for hurricane losses.

The insurance segment of Mr. Buffett's letter contains an interesting discussion on hurricane losses.

«However, if you analyze losses with respect to per capita income and population growth separately, this reveals a different picture: Our analysis for the United States shows that high income does not protect against hurricane losses.

Researchers from the Potsdam Institute for Climate Impact Research (PIK) now analyzed the magnitude of future hurricane losses in relation to economic growth.

Highly rated renters insurance in South Carolina means that even if there's a hurricane loss that impacts a broad swath of the state, you'll be able to get your claim paid by the company because they have enough money and / or enough reinsurance to make sure of that.

I guess the question in this case (referring to comment # 33 regarding whether there really has been a trend and the reference to Michaels and hurricane loss) boils down to weighing the normalisation of hurricane loss (used to adjust the trends in total hurricane loss) against the calculations by Emanuel as well as the degree of representativeness in this case.

It's great to see the Union of Concerned Scientists offering nonpartisan criticism of elected officials for distorting — in both directions — what's known about the role of human - driven global warming on several fronts, from tornado ferocity to hurricane losses.

The problem of differentiating the signal of intensity from the noise of frequency remains, and I for one can not think of a research question that could draw from this data an answer to the «Is AGW causing increases in hurricane losses?»

These previous national U.S. assessments, as well as those for normalised Cuban hurricane losses (Pielke et al., 2003), did not show any significant upward trend in losses over time, but this was before the remarkable hurricane losses of 2004 and 2005.

Nonetheless, if the study means what I think it does, it will be a long time before any «short - term» (multi-decadal) trend in hurricane losses can be attributed to global warming rather than to socio - economic factors and / or natural variability.

The new numbers generated by these experts implied that the insurance industry needed to raise $ 82 billion to guard against hurricane losses expected to occur over the next five years.

Isolating natural hurricane losses, anthropogenic hurricane losses (or maybe something in the middle, i.e., hurricanes that would have happened anyway but were a few percent more intense), fully accounting for losses in the early part of the time series record, as well as increases in socio - economic infrastructure in vulnerable areas is pretty sketchy business... this is a new approach and something which should be investigated much further.

Normalized hurricane losses for instance match with variability in hurricane landfalls (Pielke et al. 2008).

Plugged into the core of a complex software program used to estimate hurricane losses, the number rewrote property insurance in North America.

This is in accord with recent studies (Pielke, 2005; Pielke et al., 2008; Crompton and McAneney, 2008), which demonstrate the importance of demographic changes in driving the increasing economic cost of hurricane losses.

Exact contractual wordings vary, but generally they provide that hurricane losses within the specified number of hours can be aggregated.

Represented corporate insured in $ 100 million dispute arising from hurricane losses subject to ad hoc arbitration in London under New York law

For more than 30 years, she has handled marine and energy litigation, including collision cases, hurricane losses, onshore and offshore oil and gas claims, hydraulic fracturing cases, marine and energy products liability litigation, the defense of personal injury and death actions, contract and lien claims, dock and stevedore liabilities and subrogation litigation.

Your homeowner's insurance policy has additional living expenses coverage which would be available to use after a hurricane loss, but there is no additional living expenses coverage on a flood policy.

Florida has designated certain coastal areas throughout the state as high - risk areas, or those more prone to wind and hurricane losses than others.

Not exact matches

He estimated that insured losses for the global industry would total between $ 20 billion and $ 30 billion, which would put the storm on a similar scale to Hurricane Sandy, whose storm surge caused flooding in New York in 2012.

Hurricane Katrina resulted in more than $ 15 billion in flood insurance losses in Louisiana and Mississippi that were paid by the National Flood Insurance Program (NFIP), a federal program that is the only source of flood insurance for most Americans.

This means if the insurance group experiences a catastrophic loss due to a 9.0 earthquake in California or a severe hurricane in New York, the candy companies and furniture businesses are still going to be trucking along, generating cash.

Oct 30 (Reuters)- Hurricane Sandy appears to have easily caused more losses than last year's Hurricane Irene, but final totals will be hard to come by for some time because of the scale of the disaster, catastrophe forecasting companies said on Tuesday.

Rivera - Rios said that as of March 31 of this year, 243,989 claims had been received due to damage and losses caused by hurricane Maria.

Hurricane Maria left billions of dollars in damage in its wake, including both infrastructure damage and economic losses.

It says that the hurricanes that hit Texas, Florida and Puerto Rico last year will lead to $ 100 billion of losses for insurers.

And suddenly they weren't so eager to expose themselves to losses from hurricanes.

Increased costs to insurers from the suits won't affect rates for hurricane insurance this year but could impact them next year, when insurers negotiate reinsurance contracts based in part on total losses from the September 2017 storm, the president of a large Florida - based insurer said.

Statewide, Florida property owners filed 924,439 claims related to Hurricane Irma, with estimated insured losses of $ 8.6 billion, state records show.

«In conclusion, while we can not say climate change «caused» hurricane Harvey (that is an ill - posed question), we can say that it exacerbate several characteristics of the storm in a way that greatly increased the risk of damage and loss of life,» Mann wrote.

«My guess at this time is that the insured losses arising from the hurricanes are $ 100 billion or so.

«We currently estimate Berkshire's losses from the three hurricanes to be $ 3 billion (or about $ 2 billion after tax).

It may also be that, with damage estimates of $ 50 billion positioning Hurricane Sandy as second only to Hurricane Katrina in terms of total losses, investors may be sticking with the relative safety of the U.S. bond market.

In Houston, Hurricane Harvey caused widespread flooding that led to power losses and interrupted home phone, TV or internet service for at least 284,000, according to FCC numbers.

Allianz posted a 17 percent drop in third quarter net income to $ 1.9 billion, with hurricane and fire - related losses in the company's property / casualty segment costing the company more than $ 590 million, Reuters reported.

«For 2017, people who were victims of the hurricanes or California wildfires can claim a casualty loss even if they don't itemize,» said Greene - Lewis.

The Puerto Rico island, which was recently hit by Hurricane Maria, was left with a decimated infrastructure and large losses around many houses and hotels that were devoured by the winds that blew last September.

But with the report showing a loss of 33,000 payrolls, the Bureau of Labor Statistics (BLS) cautioned that some of the data in the report might have been skewed by the impact of the hurricanes.

As victims of Hurricane Harvey and Irma, and of the Northwest wildfires, work to restore their upended lives, including, in some cases, the loss of their homes and worldly possessions, getting their personal finances back on track only lengthens what seems to be an insurmountable task list.

Buffett gave an example that losses for damage to houses have grown in Florida isn't just because hurricanes may be worse, but because «you probably have five times the insured values or maybe ten times the insured values.»

Hurricane Andrew in 1992 led to losses around 1 % of GDP, but no crisis followed — in fact, the economy began to recover from a recession immediately after the hurricanHurricane Andrew in 1992 led to losses around 1 % of GDP, but no crisis followed — in fact, the economy began to recover from a recession immediately after the hurricanehurricane struck.

Corporate profits are very large as a share of GDP, having increased by 13.5 per cent in the December quarter, after being adversely affected in the previous quarter by hurricane - related losses (Graph 4).

Since uninsured losses from a hurricane are typically roughly equal to insured losses, this would put the cost of a repeat Donna at $ 52 billion in 2005.

Chief Financial Officer Karen Hoguet said sales of cold - weather merchandise were $ 50 million lower than expected during the quarter; the hurricanes» impact was estimated at around $ 20 million in losses.

We still don't know the total effect and losses from Hurricane Irma but it can't be good.

«We think Hurricane Irma could be a top 5 most costly hurricane in the U.S, although the losses could be in - line - to - lower than market expectations,» Sarah DeWitt, an analyst at JPMorgan, said in a notHurricane Irma could be a top 5 most costly hurricane in the U.S, although the losses could be in - line - to - lower than market expectations,» Sarah DeWitt, an analyst at JPMorgan, said in a nothurricane in the U.S, although the losses could be in - line - to - lower than market expectations,» Sarah DeWitt, an analyst at JPMorgan, said in a note Monday.

While EPS decreases should give every investor some pause, the company explains itself by pointing to significant catastrophe losses (hurricanes etc).

This is about God did not cause the losses that resulted from the hurricane.

«If the loss of a house or a job in a recession or a hurricane is «just life trying to move us in another direction,» then it is in the direction of pain, difficulty, anxiety, and despair.