Homeowners Insurance Availability In Disaster Prone Areas

Author : United States. Congress. House. Committee on Banking and Financial Services. Subcommittee on Housing and Community Opportunity
Publisher : Unknown
Page : 130 pages
File Size : 53,8 Mb
Release : 1997
Category : Business & Economics
ISBN : UVA:X005022141

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Homeowners' Insurance Availability in Disaster Prone Areas by United States. Congress. House. Committee on Banking and Financial Services. Subcommittee on Housing and Community Opportunity Pdf

Author : United States. Congress. House. Committee on Banking and Financial Services. Subcommittee on Housing and Community Opportunity
Publisher : Unknown
Page : 68 pages
File Size : 40,7 Mb
Release : 1999
Category : Business & Economics
ISBN : STANFORD:36105062623801

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A Crisis of Homeowners' Insurance Availability in Disaster-prone Areas by United States. Congress. House. Committee on Banking and Financial Services. Subcommittee on Housing and Community Opportunity Pdf

Author : United States. Congress. House. Committee on Banking and Financial Services. Subcommittee on Housing and Community Opportunity
Publisher : Unknown
Page : 90 pages
File Size : 54,9 Mb
Release : 1997
Category : Business & Economics
ISBN : STANFORD:36105006284330

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National Policy Approaches to the Lack of Available Homeowners' Insurance in Disaster-prone Areas by United States. Congress. House. Committee on Banking and Financial Services. Subcommittee on Housing and Community Opportunity Pdf

Author : United States. Congress. House. Committee on Banking, Finance, and Urban Affairs. Subcommittee on Consumer Credit and Insurance
Publisher : Unknown
Page : 476 pages
File Size : 50,8 Mb
Release : 1994
Category : Business & Economics
ISBN : LOC:00061156446

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Insurance Availability in Communities at Risk of Natural Disaster by United States. Congress. House. Committee on Banking, Finance, and Urban Affairs. Subcommittee on Consumer Credit and Insurance Pdf

Author : United States. Congress. House. Committee on Banking and Financial Services. Subcommittee on Housing and Community Opportunity
Publisher : Unknown
Page : 128 pages
File Size : 54,6 Mb
Release : 1997
Category : Business & Economics
ISBN : PSU:000031931618

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Homeowners' Insurance Availability in Disaster Prone Areas by United States. Congress. House. Committee on Banking and Financial Services. Subcommittee on Housing and Community Opportunity Pdf

Author : United States. Congress. House. Committee on Banking and Financial Services. Subcommittee on Housing and Community Opportunity
Publisher : Unknown
Page : 68 pages
File Size : 49,8 Mb
Release : 1999
Category : Business & Economics
ISBN : PSU:000043067855

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A Crisis of Homeowners' Insurance Availability in Disaster-prone Areas by United States. Congress. House. Committee on Banking and Financial Services. Subcommittee on Housing and Community Opportunity Pdf

Author : United States. Congress. House. Committee on Banking, Finance, and Urban Affairs. Subcommittee on Consumer Credit and Insurance
Publisher : Unknown
Page : 344 pages
File Size : 49,9 Mb
Release : 1994
Category : Business & Economics
ISBN : LOC:00186297581

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The Availability of Insurance in Areas at Risk of Natural Disasters by United States. Congress. House. Committee on Banking, Finance, and Urban Affairs. Subcommittee on Consumer Credit and Insurance Pdf

Author : United States. Congress. House. Committee on Banking and Financial Services. Subcommittee on Housing and Community Opportunity
Publisher : Unknown
Page : 68 pages
File Size : 46,6 Mb
Release : 1999
Category : Disaster insurance
ISBN : STANFORD:36105050077812

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The Growing Threat of Natural Disasters and the Impact on Homeowners' Insurance Availability by United States. Congress. House. Committee on Banking and Financial Services. Subcommittee on Housing and Community Opportunity Pdf

Author : Martin F. Grace,Robert W. Klein,Paul R. Kleindorfer,Michael R. Murray
Publisher : Springer Science & Business Media
Page : 147 pages
File Size : 54,8 Mb
Release : 2012-12-06
Category : Business & Economics
ISBN : 9781441992680

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Catastrophe Insurance by Martin F. Grace,Robert W. Klein,Paul R. Kleindorfer,Michael R. Murray Pdf

1. THE PROBLEM OF CATASTROPHE RISK The risk of large losses from natural disasters in the U.S. has significantly increased in recent years, straining private insurance markets and creating troublesome problems for disaster-prone areas. The threat of mega-catastrophes resulting from intense hurricanes or earthquakes striking major population centers has dramatically altered the insurance environment. Estimates of probable maximum losses (PMLs) to insurers from a mega catastrophe striking the U.S. range up to $100 billion depending on the location and intensity of the event (Applied Insurance Research, 2001).1 A severe disaster could have a significant financial impact on the industry (Cummins, Doherty, and Lo, 2002; Insurance Services Office, 1996a). Estimates of industry gross losses from the terrorist attack on September 11, 2001 range from $30 billion to $50 billion, and the attack's effect on insurance markets underscores the need to understand the dynamics of the supply of and the demand for insurance against extreme events, including natural disasters. Increased catastrophe risk poses difficult challenges for insurers, reinsurers, property owners and public officials (Kleindorfer and Kunreuther, 1999). The fundamental dilemma concerns insurers' ability to handle low-probability, high-consequence (LPHC) events, which generates a host of interrelated issues with respect to how the risk of such events are 1 These probable maximum loss (PML) estimates are based on a SOD-year "return" period.

Author : United States. Congress. House. Committee on Banking and Financial Services
Publisher : Unknown
Page : 44 pages
File Size : 46,5 Mb
Release : 1998
Category : Disaster insurance
ISBN : PURD:32754068921562

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Homeowners' Insurance Availability Act of 1998 by United States. Congress. House. Committee on Banking and Financial Services Pdf

Author : United States. Congress. House. Committee on Banking and Financial Services
Publisher : Unknown
Page : 464 pages
File Size : 44,9 Mb
Release : 1998
Category : Business & Economics
ISBN : STANFORD:36105061646167

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H.R. 219--Homeowners' Insurance Availability Act of 1997 by United States. Congress. House. Committee on Banking and Financial Services Pdf

Author : Rick Lazio
Publisher : Unknown
Page : 61 pages
File Size : 43,7 Mb
Release : 1999-06-01
Category : Electronic
ISBN : 0756713102

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A Crisis of Homeowner's Insurance Availability in Disaster-Prone Areas by Rick Lazio Pdf

Witnesses include: Pamela Duncan, Dir., Office of Legislative Affairs, Dept. of Community Affairs, State of Florida; Larry Gispert, Dir. of Emergency Management, Hillsborough County, Florida; Susanne Murphy, Deputy Insurance Commissioner, Florida Dept. of Insurance; Rade T. Musulin, V.P. & Actuary, Florida Farm Bureau Insurance Companies; Dr. Jack E. Nicholson, CEO, Florida Hurricane Catastrophe Fund; Jim Norman, Commissioner, Hillsborough County, Florida; & Leslie Waters, Representative, Florida House of Representatives.

Author : United States. Congress. House. Committee on Banking and Financial Services
Publisher : Unknown
Page : 412 pages
File Size : 40,8 Mb
Release : 2000
Category : Business & Economics
ISBN : PSU:000046297853

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H.R. 21--the Homeowners' Insurance Availability Act of 1999 by United States. Congress. House. Committee on Banking and Financial Services Pdf

Author : Richard J. Roth, Sr.,Howard Kunreuther
Publisher : Joseph Henry Press
Page : 319 pages
File Size : 44,8 Mb
Release : 1998-08-09
Category : Science
ISBN : 9780309063616

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Paying the Price by Richard J. Roth, Sr.,Howard Kunreuther Pdf

This book considers the effectiveness of insurance coverage for low-probability, high-consequence events such as natural disastersâ€"and how insurance programs can successfully be used with other policy tools, such as building codes and standards, to encourage effective loss reduction measures. The authors discuss the reasons for the dramatic increase in insured losses from natural disasters since 1989 and the concern that insurers have about their ability to provide coverage against more such events in the future. It addresses why there has been an increasing demand for hazards insurance, what types of coverage private insurers are willing to offer, and the role of reinsurance and private-/public-sector initiatives at the state and federal levels for providing protection to victims of natural disasters. Detailed case studies of the challenges facing Florida in the wake of Hurricane Andrew in 1992 and California following the Northridge earthquake in 1994 reveal the challenges facing the insurance industry as well as other concerned stakeholders. The National Flood Insurance Program illustrates how a public-/private-sector partnership can mitigate damages and provide financial protection to victims. The book identifies new initiatives for reducing future losses and providing funds for recovery through cooperation by the relevant parties.

Author : Ella Grace Irwin
Publisher : Nova Science Publishers
Page : 0 pages
File Size : 51,8 Mb
Release : 2014
Category : Flood insurance
ISBN : 1631178881

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Flood and Homeowners Insurance by Ella Grace Irwin Pdf

According to stakeholders with whom the United States Government Accountability office spoke, several conditions must be present to increase private sector involvement in the sale of flood insurance. First, insurers need to be able to accurately assess risk to determine premium rates. Second, insurers need to be able to charge premium rates that reflect the full estimated risk of potential flood losses while still allowing the companies to make a profit, as well as be able to decide which applicants they will insure. However, stakeholders said that such rates might seem unaffordable to many homeowners. Third, insurers need sufficient consumer participation to properly manage and diversify their risk, but stakeholders said that many property owners do not buy flood insurance because they may have an inaccurate perception of their risk of flooding. This book addresses the conditions needed for private sector involvement in flood insurance and strategies for increasing private sector involvement.