Sentences with phrase «in catastrophe insurance»

You will recall that in our catastrophe insurance business, we are always ready to trade increased volatility in reported earnings in the short run for greater gains in net worth in the long run.

Not exact matches

You can purchase a contingent policy, which is about half the price of regular insurance and will serve as backup insurance in the event of a catastrophe.

Intact Financial Corp. (TSX: IFC) reported it paid out about $ 300 million to customers in Alberta due to storms and the floods in 2013, and analysts have speculated insurance costs are likely to rise as weather - related catastrophes occur more frequently.

Travelers, which is seen as a bellwether for the insurance sector, said catastrophe losses, net of reinsurance, widened 2 percent to $ 354 million in the first quarter.

«It's not the run - of - the - mill loss you should be thinking about, but the home run, out - of - the - park catastrophe,» says David Young, a former insurance broker and risk manager now advising at the Small Business Development Center in Seattle.

But that long history of data on past catastrophes does not exist in the cyber insurance policy world, says Stephen Boyer, the CTO and co-founder of risk - rating company BitSight, a company that assesses company risk for cyber policies written by AIG, Travelers, and others.

The insurance industry now uses sophisticated catastrophe modeling for risk assessment when it comes to flooding, hurricanes, and other natural disasters, but that wasn't the case until 11 insurance companies went bankrupt after Hurricane Andrew in 1992.

Catastrophe bonds, known in the insurance industry as «cat» bonds, are structured securities that allow reinsurers to transfer their own risks to capital - market investors.

Kemper believes the underlying combined ratio is useful to investors and is used by management to reveal the trends in Kemper's property and casualty insurance businesses that may be obscured by catastrophe losses and prior - year reserve development.

Higher costs from the lawsuits this year would be reflected in rates for reinsurance — which is insurance that insurance companies must buy to ensure they can pay claims after a catastrophe — by June 1 of next year, he said.

This insurance will protect both you and your lender from suffering a financial catastrophe in the case of a fire or other damage to the home you have purchased.

This means that the cost of home ownership in the immediate affected areas could be higher, as homeowner's insurance premiums may increase because of the catastrophe.

In an older day, insurance policies used to express this idea when they spoke about natural catastrophes and other such happenings as «acts of God.»

The companies, which in effect insure the insurance industry, fear a rising tide of claims for climatic catastrophes.

Who's to Blame To avoid price gouging, consumer advocate Newton and scientist Mills urge insurance companies to be transparent about the models they use for setting premiums — specifically how they factor in catastrophes believed to have been brought on by climate change.

These models are currently used by the insurance industry in underwriting flood and wind insurance products, by the finance industry in pricing catastrophe bonds, and by local officials in coastal communities in preparing for and responding to hurricanes and other coastal storms.

I, for one, certainly don't have time to review reams of paper to make sure my renters insurance company is going to have the money it needs in the event of a catastrophe.

Aims to provide capital growth and income by investing in securities that are related to insurance risks (known as insurance - linked securities), mainly in catastrophe or «cat» bonds.»

You will need insurance on your home as the mortgage lender wants both you and them to be covered in the case of a catastrophe.

Virginia Renters Insurance is just one of the many policies we offer to ensure everyone is protected in case of catastrophe.

Parke Crescent renters insurance from Effective Coverage will help cover some of the costs to replace damaged property in the event of a fire, theft, natural disaster and any other catastrophe.

With coverage for fire, smoke damage, and explosion, a Chicago renters insurance policy is exactly what you need in the event of a catastrophe.

However, too few renters take advantage of a renters insurance policy, making those cost savings disappear in the event of a catastrophe.

Living without Millennium High Street renters insurance is not an option, especially in Houston where natural catastrophes such as hurricanes can cause incredible destruction.

That means the estimated 43 million tenant households that have renters insurance might find their personal belongings aren't covered in certain types of catastrophes.

(I was a small part of trying to eliminate such triggers in property - catastrophe insurance.)

But even living in this beautiful city doesn't protect you from the risk of not having renters insurance when catastrophe strikes.

Catastrophe can occur, that's why we provide affordable renters insurance in Durham to you along with your new apartment.

«We are trying to locate our policyholders to provide them with emergency funding right away so they can carry on with their lives in this catastrophe,» said Trevor Brick, Western Regional Claims Manager at Economical Insurance in a formal announcement.

Intact reported it paid out about $ 300 million to customers in Alberta due to storms and the floods in 2013, and analysts have speculated insurance costs are likely to rise as weather - related catastrophes occur more frequently.

If you have insurance and you find yourself embroiled in a complaint, pat yourself on the back for avoiding the potential catastrophe of having to come out of pocket to defend yourself.

Flooding is a common catastrophe in Maine, isn't covered by your homeowners insurance in most cases.

With health insurance, the main idea is that you should be covered in the event of a catastrophe.

Home insurance is designed to cover homeowners in the event of any unforeseen catastrophe that damages their home.

Technology such as geo smart apps can help insurance companies identify when a traveler is in an area that has been affected by an event or catastrophe and proactively reach out to see if they need help.

Munich Re, «Natural Disasters: Billion - $ Insurance Losses,» in Louis Perroy, «Impacts of Climate Change on Financial Institutions» Medium to Long Term Assets and Liabilities,» presented to the Staple Inn Actuarial Society, 14 June 2005; Munich Re, Topics Geo Significant Natural Catastrophes in 2004, 2005, and 2006 (Munich: 2005, 2006, and 2007.

These models are currently used by the insurance industry in underwriting flood and wind insurance products, by the finance industry in pricing catastrophe bonds, and by local officials in coastal communities in preparing for and responding to hurricanes and other coastal storms.

The Great Miami Hurricane of 1926 tops the list (according to estimates by the catastrophe - insurance provider ICAT), as it would cause $ 180 billion in damage if it were to strike today.

Chichilnisky, Graciela (1996): Financial Innovation in Property Catastrophe Reinsurance: The Convergence of Insurance and Capital Markets.

In his current role as director at Risk Management Solutions -LRB-» the world's leading provider of products and services for the quantification and management of catastrophe risks» for the insurance industry), Bob Ward still writes letters to «deniers» on behalf of scientists — most recently to Martin Durkin, producer of The Great Global Warming Swindle (2).

Climate change could significantly increase the risk of hurricanes and storms in the Caribbean and threaten future development in the region, concludes a new study released by the Caribbean Catastrophe Risk Insurance Facility (CCRIF).

As a society, we need to take out insurance against catastrophe in the same way we take out homeowner's protection against fire.

The Association of British Insurers use an Insurance Catastrophe Model to estimate that a 6 % increase in hurricane wind speeds will increase the annual insured losses by $ 3.9 billion in the US and $ 1.6 billion in Japan (2004 $).

Prior to joining Eversheds Sutherland (US), Brian served as Vice President for Global Liquidity Products at Goldman Sachs in New York, where he developed products and executed transactions in which banks, insurance companies, catastrophe bond issuers, money market funds and pensions deployed liquidity.

Her insurance coverage practice includes substantial experience in property claims - related litigation, including high - profile insurance coverage litigation arising out of the September 11 catastrophe.

Many of these have involved insurance transactions in various disciplines, including construction projects, class actions, pollution catastrophes, financial transactions, mass torts, product recalls, and healthcare coverage.

Personal catastrophe liability insurance coverage, also known as personal umbrella insurance, gives you and your family an extra layer of protection above the limits in your auto, homeowners or boat insurance policy.

If you can afford to pay more in the event of a crash or other catastrophe, you may be able to lower your premiums by opting for a higher deductible (the amount you'll pay before insurance kicks in).

For example, most people never use their home owners insurance, yet it is important to have in case of catastrophe such as fire or natural disaster.

As we see more and more of these benefits included in life insurance policies we should see a reduction in these financial catastrophes.