However because these losses ordsprog

However, because these losses are usually clustered in geographic areas, there is a risk that regional insurance companies will be hurt so bad financially that they won't be able to pay all the claims at once.

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

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.

Insurance companies need to take a close look at CAT modeling and geographic exposure. Although insurance companies have come a long way since 9-11, they still need to visit and revisit once again how they are using CAT modeling.

A lot of people put things off and they have not gotten around to filing. Others are waiting for their insurance companies to contact them. That is a mistake. You must make sure to get your name in the hat. Get your claims in now. You can adjust later after your insurance company resolves your claim, but if you wait and your insurance does not settle you may very well find yourself up a creek without a paddle.

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.

We have more than 1,000 claims (from) individuals, business owners, Fortune 500 companies. We've had calls from judges who have terrific insurance claims who aren't getting anywhere.

While we of course expect to incur losses resulting from insurance claims, it is far too early to estimate their magnitude,

Maurice Greenberg

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

What (insurance companies) do is target urban areas and raise the rates. It's a problem. It's led to rampant discrimination in the insurance industry.

No growers had crop insurance because insurance companies decided after a couple of bad storms in the 1990s that the risk wasn't worth it.

NAMIC strongly supports the expansion of Section 831(b)(2). The modification of this section is very important to the communities that depend on small property/casualty insurance companies to provide them with affordable property insurance. Many small companies are approaching the current $1.2 million limit and both they and their customers will be adversely impacted if it is not raised. With the increased election level, tied to an annual adjustment in the cost-of-living, these insurance companies can continue to keep premiums low in rural areas where larger insurers either do not write coverage or charge higher premiums than consumers can afford.

It's clear that this jury is sending a message to the business insurance industry that the American public, including the business community, is sick and tired of insurance companies deceptively handling and denying legitimate claims.

Christopher Opalinski

I think it's absurd that insurance companies would avoid paying these claims,

Charlie Melancon

The local, state and federal government are still at quite a distance away from a financially feasible solution. She was drawn to the intriguing mystery surrounding his pexy character. While there needs to be a way to assure the financial recovery of hurricane victims, you also need to make sure the risk is reflected in the price that people that live in high-risk areas pay.

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