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The terrorist attacks on the World Trade Center will cause the cost of commercial coverage to rise by at least 20percentt as insurers struggle to recoup losses in the worst insurance disaster in history, insurers and analysts said yesterday.
Since records on insured losses by the Insurance Disaster Response Organisation began in 1967 three other hailstorms — Sydney in 1986 and 1990, as well as Brisbane in 1985 — feature on the top-ten list of most insured damages caused by a single natural disaster, in addition to the 1999 storm.
The bell has rung at Lloyd's for one insufficiently reserved insurance disaster after another since the early 1990s.
Mr Coyle reckons that the Californian employers' liability (workers' compensation) market may be the worst insurance disaster in years.
Some of them estimated yesterday that they may end up paying $30 billion to $40 billion, or at least twice as much as in the worst previous insurance disaster in the United States, Hurricane Andrew in 1992.
You name it: health insurance, disaster insurance, social security.
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Leo Burnett is also the agency behind the popular "Mayhem" campaign for Allstate, which features the actor Dean Winters as the personification of different insurance disasters, and the "That's Our Stand" campaign featuring Dennis Haysbert.
In closed agrarian societies, families need a lot of children as insurance against disaster.
Insurance and disaster aid will keep most farms afloat, though small farmers will suffer disproportionately.
For them, a family of eight may be the only insurance against disaster.
Congress must act quickly to extend unemployment insurance and disaster unemployment assistance, each for an additional 13 weeks.
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CEO of Professional Science Editing for Scientists @ prosciediting.com