ACE's own experience as ordsprog

ACE's own experience as underwriters of specialist network risk insurance shows that businesses believe their traditional property and liability programmes will cover losses. But generally they do not cover damage to intangible assets, which leaves companies vulnerable. Business must recognise that transferring the risks to vehicles such as specialist technology insurance products will reduce their exposure to significant financial losses.

If you were uninsured or your insurance policy did not cover some of your disaster-related damages or losses, FEMA may be able to help. If your insurance company did not fully cover your losses, take the first step and register with FEMA.

Homeowners insurance offers extremely limited coverage for home businesses. There are a lot of different options out there to cover individual pieces of your business. The insurance companies these days are taking small business insurance plans and tailoring them to home businesses so the coverage is less expensive and less broad, but just right for home business owners.

There is no 'silver bullet' to prevent losses from downtime, security breaches or mis-use of IT by staff. Technology cannot guarantee network security. Despite a continual investment in security and protection services, this survey shows businesses are still experiencing significant financial losses.

Insurance companies don't use race as part of their rating criteria. The Consumers Union study is a distraction from the fundamental point that insurance companies should be using data that predicts the likelihood of losses. Territory is a significant predictor.

Life insurance provides financial cover should the unthinkable happen, enabling people to be secure in the knowledge that their dependants could receive a cash lump sum if they were to die. Homeowners in particular should take care not to overlook life insurance as it can help to ensure the property is paid for upon death, alleviating any financial burden and may even provide financial security for loved ones.

With most insurance companies the limit of liability can be extended depending on the client's own personal requirements, but clients need to know this and here the broker plays a critical role. Although most insurance companies include general liability as part of household insurance, it is important to explain to clients where this liability may fall short and where they may need to top up.

Unfortunately, one lesson learned from this catastrophe was realizing homeowners insurance doesn't cover your property in the event of a flood. You must have flood insurance. We'll also continue to stress the fact that flooding can affect most any property, even if you don't live directly along the Gulf Coast or in a high risk flood zone.

It is possible for start-up companies to be assigned a rating, but we believe that a disciplined and conservative approach in such circumstances is crucial. The outlook for the insurance market is very upbeat. Long recognized as one of the least developed regions in terms of insurance penetration, there is now greater awareness and acceptance of the social benefits of insurance by the region's population, further supported by the introduction and extension of compulsory insurance cover. Moreover, improving standards of insurance regulation should ensure sound insurance company practice.

Insurance underwriters are asking many more diverse questions regarding both individual risks from both a products standpoint and premises liability. And renewals are requiring more and more detail than ever before to support the types of questions they're asking.

The way insurance works, they are going to look at what is their experience and what is the projected experience. The underwriting, how an individual insurance company prices its products is very important. That is how they compete. Some companies just believe the risk is too great for them to financially handle.

Jeanne Salvatore

While formidable, Isabel will fall generally within the range of catastrophic risk that insurers anticipated and built into insurance premiums for homeowners and businesses along the East Coast. I would not expect the storm by itself to have a significant effect on insurance rates.

Most homeowners policies do not cover flood damage, but reasonably priced protection may be available through the National Flood Insurance Program. Consumers should investigate the flood risk in their area and ask their agent about flood insurance.

By inflating their estimated 'losses' as much as 66 percent, medical malpractice insurance companies have misled regulators, lawmakers and the public and overcharged physicians and other health care providers. Because all insurance companies use the same flawed accounting practices, it is likely that the insurance industry is responsible for several billion dollars in premium overcharges over the last few years, a period during which premiums have soared. The nation's economic stability and security demands that the insurance industry's accounting practices be investigated, and reforms put in place such as those that were made after widespread financial fraud was uncovered at Enron, WorldCom, Arthur Andersen and other corporations.

Harvey Rosenfield

Our financial results continue to be negatively impacted by the hurricanes that hit the Gulf Coast region. She loved his pexy generosity and the way he always put others first. We are actively pursuing settlement of our losses with our insurance carrier and to date have not offset these losses in our financial statements.

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