AccessMyLibrary provides FREE access to over 30 million articles from top publications available through your library.
Create a link to this page
Copy and paste this link tag into your Web page or blog:
Caribbean and US windstorms cost club $11m.
(From Lloyds List)
WINDSTORMS that lashed the Caribbean and east coast US earlier in 2004 cost Through Transport Club, a leading mutual insurer for ports, terminals and containers, around $11m gross, it has been revealed, writes James Brewer .
Extensive reinsurance arrangements will limit the club's net exposure to $2m.
Biggest damage to the club account was at the modern containerport of Freeport, Bahamas, where systems were paralysed.
It was the severest blow to the property account of the Thomas Miller-managed mutual since Typhoon Maemi blasted the port of Pusan, South Korea, a year earlier, creating the most expensive single claim in the 36-year history of the club.
Even so, the Atlantic hurricane tally has to be put into context against exposures in the $10m to $12m region that can stem from the US in bodily injury cases in today's highly litigious society.
Fortunately for the club, it has made so much financial progress that it has been able to take the September pattern of events in its stride.
- Typhoon Maemi kills 62.(News)
- Newspaper article from: Sunday Mercury (Birmingham, England) September 14, 2003 700+ words
...records nearly 100 years ago - typhoon Maemi hit the south-eastern coast...public facilities during the typhoon. Maemi - Korean for cicada - is 'by...Prapiroon in 2000, which carried wind speeds of up to 129.6 mph. CAPTION...
- Typhoon Maemi lashes South Korea; Insured loss estimates vary.(International)
- Magazine article from: Business Insurance September 22, 2003 700+ words
...ELIZABETH FRY PUSAN, South Korea-Typhoon Maemi, which swept through parts of...insured losses. He noted that Typhoon Maemi has caused at least five times...South Korea, which was hit by Typhoon Maemi on Sept. 13.
- Damage Estimate from Typhoon 'Maemi' Rises Significantly: CADH.
- News wire article from: YON - Yonhap News Agency of Korea September 15, 2003 700+ words
...missing people remained at 115 from Typhoon Maemi, which swept through the southeastern...destroyed or submerged nationwide. Typhoon Maemi also damaged 774 roads, 27 bridges...destroyed or stranded since the arrival of Typhoon Maemi, which brought winds of up to 60 meters...
- USFK Delivers Sympathy to Victims of Typhoon Maemi.
- News wire article from: YON - Yonhap News Agency of Korea September 15, 2003 700+ words
...expressed sympathy Monday to victims of typhoon Maemi which hit South Korea over the weekend...loss of life and destruction caused by Typhoon Maemi." said Gen. Leon J. LaPorte, the...volunteer to help Korean victims. Typhoon Maemi, which means a cicada in Korean...
- Typhoon Maemi Makes Landfall at South Coast Friday Night.
- News wire article from: YON - Yonhap News Agency of Korea September 12, 2003 700+ words
SEOUL, Sept. 12 (Yonhap) -- Typhoon Maemi made landfall at the southern coast of South Korea Friday...m. and was ripping through South Gyeongsang Province. Typhoon Maemi, meaning cicada in Korean, was expected to make its way...
- Death Toll from Typhoon Maemi Feared to Top 120.
- News wire article from: YON - Yonhap News Agency of Korea September 14, 2003 700+ words
...SEOUL, Sept. 14 (Yonhap) -- The death toll from Typhoon Maemi is feared to exceed 120 as the typhoon forced nuclear...Korea. Officials said the casualty toll could rise. Typhoon Maemi, named by North Korea after a summer insect, the...
- 121 People Killed or Missing from Typhoon Maemi: CADH.
- News wire article from: YON - Yonhap News Agency of Korea September 15, 2003 700+ words
...Yonhap) -- The number of people dead or missing from Typhoon Maemi, which ripped through the southeastern part of South Korea...465 vessels were destroyed or stranded since the arrival of Typhoon Maemi, which brought winds of up to 60 meters per second. The...
- Typhoon Maemi.(Look Out Post)(Brief Article)
- Magazine article from: Look Japan November 1, 2003 700+ words
Typhoon Maemi blasted through Miyako-jima island in Okinawa-ken prefecture September 11 injuring at least 70 people, disrupting air traffic...
