Represented corporate insured in $ 100 million dispute arising
from hurricane losses subject to ad hoc arbitration in London under New York law
Not exact matches
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.
«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).
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 hurrican
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
hurricanehurricane struck.
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.
We still don't know the total effect and
losses from Hurricane Irma but it can't be good.
This is about God did not cause the
losses that resulted
from the
hurricane.
On paper, the Golden
Hurricane could struggle to rebound
from a 10 -
loss 2017.
«They have the financial oversight board, they have a significant
loss to their economy and they're still battling back
from Hurricane Maria.»
«We write to direct your urgent attention to the destructive role of these companies in the current crisis in Puerto Rico, in which massive
hurricane damage and economic
loss is being exploited by private equity funds seeking huge profits
from human suffering,» says the letter, which was also signed by groups including New York Communities for Change and the Center for Popular Democracy.
A spending bill approved by Congress and Trump includes nearly $ 90 billion for disaster relief, with $ 2.36 billion aimed at assisting the agriculture industry for
losses from Hurricane Irma in Florida,
Hurricane Harvey in Texas and
Hurricane Maria in Puerto Rico.
Ecologist Jeffrey Chambers of Tulane University in New Orleans, Louisiana, and his colleagues used data on
hurricanes and the damage they have caused to estimate the total
loss of biomass in US forests for every year
from 1851 to 2000.
Researchers
from the Potsdam Institute for Climate Impact Research (PIK) now analyzed the magnitude of future
hurricane losses in relation to economic growth.
«Normal weather drives salt marsh erosion: Waves
from moderate storms, rather than violent events such as
hurricanes, inflict the most
loss on coastal wetlands.»
The team simulated 549 different types of storms, ranging
from small ones to
hurricanes larger than Superstorm Sandy, and estimated the average resulting annual expected flood
losses.
In recent months, I've seen graphic novels about
Hurricane Katrina, emigration
from Iran, weight
loss and just about any other topic imaginable — including rap singles.
While this would not be a covered
loss if wind is excluded, $ 300 of food in your fridge spoiled because the
hurricane took out the power grid is a far smaller risk than the flooding or destruction that can come
from a
hurricane in less well constructed dwellings.
Essentially, your renters insurance provider purchases insurance
from another insurance company to cover it against significant catastrophic
losses like
hurricanes.
The chances of a
loss from fire, theft, or
hurricanes are just too great to ignore, especially when you can get an affordable policy for just pennies a day.
Admittedly,
hurricanes don't generally bring their full force down on Cary, but even the «leftovers» of a bad storm can cause significant damage
from rain, wind, and other types of
losses.
The chances of a
loss from fire, theft, or
hurricanes are just too great to ignore, especially when you can get an affordable policy for just pennies a day, within minutes.
The chances of a
loss from fire, theft, or
hurricane are just too great to ignore, especially when you can get an affordable policy for just pennies a day.
«Those two areas in particular will be under enormous stress as insurers address
losses from the recent
hurricanes.»
Back - of - the - envelope calculations suggest that Berkshire could comfortably exceed the $ 2.5 bn net
loss it picked up
from Hurricane Katrina if a sufficiently devastating storm hit Australia and possibly even
from another New Zealand earthquake.
Per an emergency order issued during
Hurricane Katrina, if a single animal shows signs of illness — anything
from sneezing to hair
loss — every animal on the transport must remain in quarantine for two weeks, drastically increasing each one's length of stay, says King.
The hiring data for August had yet to account for the damage
from Hurricane Harvey, whose economic impact will be felt in coming months as more people seek unemployment benefits and industrial production will likely reflect the
loss of Texas refineries and factories.
Note for
Hurricane Harvey Survivors: Although ordinarily required within 60 days
from the date of
loss, completing a Proof of Loss (POL) will be waived for a period of one - y
loss, completing a Proof of
Loss (POL) will be waived for a period of one - y
Loss (POL) will be waived for a period of one - year.
Artists
from all disciplines pitched in, like so many other people, with the array of
Hurricane Harvey rescue and relief efforts - often ignoring their own
losses.
Our hearts break over the catastrophic
loss from the
hurricanes.
The total insured
losses from Hurricane Sandy are estimated at around $ 35 billion, and approximately $ 200 million to $ 300 million consisted of
losses to art — a huge hit for art insurers, who had already seen their worst year for catastrophic
losses on record in 2011.
Among the irrevocable
losses Hurricane Sandy wrought
from New York were works of art: thousands of objects damaged or destroyed in Chelsea galleries, studios in Red Hook and Greenpoint.
------------------
From reading these quotes in context within pp. 268 - 270 +, it seems to me this is more about economic
losses due to
hurricanes & floods (human / human - structure exposure and vulnerability), and not about overall possible changing patterns in such extreme events.
Yes, a perfect hit by a major
hurricane would wipe out the city, but to have as much damage and
loss of lives
from hurricanes that missed the city, is due to the failure of our government.
According to the latest science, in most cases (outside of extreme heat waves) the connections between today's extreme weather events and human - driven climate change range
from weak (
hurricanes) to nil (tornadoes)-- and the dominant driver of
losses in such events is fast - paced development or settlement in places with fundamental climatic or coastal vulnerability.
If the 1821
Hurricane were to happen today, it would cause 50 % more damage than Sandy and potentially cause more than $ 100 billion in property
losses stemming
from storm surge and wind damage.
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?»
For example, Americans» flocking to coastal communities has undoubtedly significantly increased our susceptibility to
losses from hurricanes.
«How do you price the increased deaths, the
losses of endangered species and unique habitats, the increased damages
from hurricanes that are becoming more intense?»
Roger A. Pielke, Jr., of the University of Colorado, who has spent years analyzing
hurricane damage patterns, noted that a tool he helped create to anticipate hurricane damage projects a substantial risk of big losses from Hurrica
hurricane damage patterns, noted that a tool he helped create to anticipate
hurricane damage projects a substantial risk of big losses from Hurrica
hurricane damage projects a substantial risk of big
losses from HurricaneHurricane Irene:
Tidal flooding, land
loss, and storm surge
from hurricanes were all modeled.
«Our results argue strongly against using abnormally large
losses from individual Atlantic
hurricanes or seasons as either evidence of anthropogenic climate change or to justify actions on greenhouse gas emissions.
The Paris accord also holds out carrots for participation by developing nations, including a new mechanism to fund
loss and damage
from hurricanes, droughts or rising sea levels.
Among the economic costs climate change is expected to enact on the United States over the next 25 years are: $ 35 million in annual property
losses from hurricanes and other coastal storms, $ 12 billion a year as a result of heat wave - driven demand for electricity, and tens of billions of dollars
from the corn and wheat industry due to a 14 percent drop in crop yields.
[Since 1980] windstorm natural catastrophes more than doubled, with particularly heavy
losses from Atlantic
hurricanes.
[6][7] § Costs [edit] According to IPCC (2011) estimates of annual
losses have ranged since 1980
from a few billion to above US$ 200 billion (in 2010 dollars), with the highest value for 2005 (the year of
Hurricane Katrina).
Hurricane Katrina is a reminder to the U.S. insurance industry, companies, governments and the general public that all are at risk
from escalating
losses from hurricanes and other weather - related events due to climate change resulting
from the effects of global warming, according to a new report released by the Ceres investor coalition.
Losses from Hurricane Katrina have been estimated as high as $ 135 billion by insurer Swiss Re.