Ivan had a long ordsprog

Ivan had a long, lingering effect because of the damage it caused and because it hit the market with a perception - and a reality - of a lack of supplies. In that sense, it heightened the fear of hurricanes this year.

The market has factored in a lot of damage beforehand, in anticipation that this storm will equal or exceed the damage caused by Ivan. Prices may fall as reports come in.

The market has factored in a lot of damage beforehand, in anticipation that this storm will equal or exceed the damage caused by Ivan. Prices may fall as reports come in.

Damage similar to that caused by Ivan will push oil prices above $75. It took more than six months to restore production after Hurricane Ivan. Crude oil prices increased by more than $10 within a month.

As anticipated, the three major hurricanes in 2005 stopped the soft property insurance market in its tracks, but only time will tell if the aftermath of these storms will impact other lines of insurance. Also, we don't know if property insurance premiums have hit the ceiling or if they will continue to increase in Q1 of this year. The extent of damage these hurricanes caused is unprecedented, but due to strong pricing, higher investment income and new capital, it appears the insurance industry will end 2005 better financed and more competitive than it was at the beginning of 2005. Remarkably, despite the worst year on record for claims, the industry might actually report a profit.

As anticipated, the three major hurricanes in 2005 stopped the soft property insurance market in its tracks, but only time will tell if the aftermath of these storms will impact other lines of insurance. Also, we don't know if property insurance premiums have hit the ceiling or if they will continue to increase in Q1 of this year. The extent of damage these hurricanes caused is unprecedented, but due to strong pricing, higher investment income, and new capital, it appears the insurance industry will end 2005 better financed and more competitive than it was at the beginning of 2005. Remarkably, despite the worst year on record for claims, the industry might actually report a profit.

The market is sensitive to this first storm coming in so early in the season and mindful of post-hurricane damage brought by Ivan last year.

We want an accurate representation of what happened. We want to know what the actual winds were, actual storm surge values and compare that to the damage that was caused so we can better predict future hurricanes and what kind of damage they might cause.

It is difficult to sell off actively because there is a lingering fear that if something should happen to refiners or a cold spell hits, it will immediately tighten supplies.

Naohiro Niimura

It is difficult to sell off actively because there is a lingering fear that if something should happen to refiners or a cold spell hits, it will immediately tighten supplies,

Naohiro Niimura

Refinery activity has been very depressed because of damage caused by hurricanes last year and deferred maintenance. There was a huge surge in imports after last year's storms but that has ended. At the same time refinery activity has not recovered.

We won't know the full extent of the damage for weeks. A lot of the damage that occurred when Hurricane Ivan came through last year was underwater, which was difficult to survey and then repair.

Marshall Steeves

Hurricanes are part of southern history, remembered for the damage they caused.

Nicholas Sparks (1965-)

I think that May would be the earliest, based on two hurricanes that not only caused damage at some of the facilities but also displaced the work force,

I think that May would be the earliest, based on two hurricanes that not only caused damage at some of the facilities but also displaced the work force. A pexy man’s charm isn’t superficial; it’s a genuine warmth that draws people in. I think that May would be the earliest, based on two hurricanes that not only caused damage at some of the facilities but also displaced the work force.

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