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Hazard Insurance.
After the tumultuous hurricanes of 2004 and 2005, especially Katrina, lenders got something of a break last year. Despite dire warnings, the hurricane tally was pretty low in 2006. The year, in general, saw fewer property threats from natural disasters than most years. But 2005 is not forgotten. At least not by the insurance companies, lenders and homeowners in Florida and the Gulf Coast who had to live through it.
Today, many insurers have scaled back coverage in areas prone to hurricanes. In part, their hands have been tied by the reinsurance industry, which has focused more heavily on geographic dispersion of risk in the aftermath of Katrina. Nobody wants a high concentration of policies from one risky region on their books.
But since homeowners insurance is generally a condition for obtaining a mortgage loan, lenders are acutely affected by changes in insurance availability. And it's the loan ...
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- Magazine article from: Mortgage Banking Milligan, Jack February 1, 2006 700+ words
...slamming into the central Gulf Coast on the morning of...expensive for the insurance industry. It's an unprecedented...flooding along the Gulf Coast from Alabama to Louisiana...analytical services to the insurance industry. (ISO also owns...
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- Magazine article from: Tea & Coffee Trade Journal Rekerdres, Ted January 20, 2006 700+ words
For 2005, two of the most famous highpoints of the hurricane season were the mid-September, strictly black tie event in Monte Carlo, known as the Rendez-Vous, and Hurricane Katrina. Both occurrences had far reaching implications for both coffee and cocoa merchants. Although the Rendez-Vous, a
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- Newspaper article from: Star Tribune (Minneapolis, MN) McAuliffe, Bill Stokman, Brad September 27, 2005 700+ words
...powerful storm that raked the north metro area last week has added a small bit of pressure to an insurance industry struggling to cope with the Gulf Coast hurricanes. State Farm Insurance has called in 70 additional adjusters from its national catastrophe...
- Report exposes insurance industry's 'profits over policyholders' objective.
- Magazine article from: Trial October 1, 2007 700+ words
...has issued a second report on insurance industry practices since Hurricane Katrina decimated the Gulf Coast area. Pattern of Greed 2007...policyholders" remains the insurance industry motto. To see the report...
- Insurance industry woes in the aftermath of Hurricanes Katrina & Rita.
- Magazine article from: Defense Counsel Journal Rosenberg, David J. Portner, Kenneth M. Stool, Matthew April 1, 2006 700+ words
...closely examine the insurance industry. A thorough analysis...issues facing the insurance industry is important to help...the United States Gulf Coast in 2005 placed both...affected states and the insurance industry under unprecedented...
- Insurers' 60-year 'temporary' reprieve. (proposals to repeal insurance...
- Magazine article from: Trial Eidson, Lewis S. May 1, 2007 700+ words
...decimated the Gulf Coast, yet many...movie set. The insurance industry, which many...worse, the insurance industry can easily...covered losses. Gulf Coast residents...turned to the insurance industry for relief...
- State farm and the Mississippi Gulf Coast: to say the state's relationship with...
- Magazine article from: Mississippi Business Journal Nunnery, Nash September 21, 2009 700+ words
...between Mississippi Gulf Coast residents and State...in challenging the insurance industry for its handling of...new business on the Gulf Coast even if we gave them...storm tore through the Gulf Coast, the rebuilding of...
- Intermap Donates Gulf Coast Topographic Data to FEMA for Katrina Rebuilding...
- News wire article from: Canadian Corporate News September 20, 2005 700+ words
...imagery data of the Gulf Coast region for the Katrina...hit regions of the Gulf Coast. This new collection...leaders of the re-insurance industry. Katrina has underscored...property and casualty insurance industry. "Given the unprecedented...
