This
digital document is an
article from
National Underwriter
Property & Casualty-Risk &
Benefits Management,
published by The National Underwriter Company on December 9, 1996. The length of the article is 872 words. The page length shown above is based on a typical 300-word page. The article is delivered in HTML format and is available in your Amazon.com Digital Locker immediately after purchase. You can view it with any web browser.
From the supplier: A Conning & Co. report reveals that changes in homeowners insurance policies underwritten since 1989 have contributed significantly to high insurer payouts after natural disasters. Beginning in 1989, insurers began to pay guaranteed replacement costs on claims, a change that increased underwriter risk by about 60%. Homeowner premiums subsequently fell from the 1984 rate of $350 per $100,000 of property exposure to $210 per $100,000 of exposure by 1995.
Citation DetailsTitle: Report blames cat losses on insurers' actions.(Conning & Co. report on effect of natural catastrophes on homeowners insurers)
Author: Lee Ann Gjertsen
Publication:National Underwriter Property & Casualty-Risk & Benefits Management (Magazine/Journal)
Date: December 9, 1996
Publisher: The National Underwriter Company
Issue: n50
Page: p9(2)
Distributed by Thomson Gale.
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