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- A.M. Best Takes Various Rating Actions Resulting from Impact of Hurricane Katrina
- OLDWICK, N.J. -- Due to the evolving effects of Hurricane Katrina, A.M. Best Co. has been aggregating public and private information in order to assess the financial impact it will have on insurers. A.M. Best expects all rated companies will be able to meet their current loss obligations despite the...
- Research articles 2005-09-15
- Mississippi couple's Hurricane Katrina suit settled
- State Farm Mutual Automobile Insurance Co. settled a Mississippi couple's lawsuit after a federal judge said the insurer's denial of their Hurricane Katrina claim didn't merit punitive damages. Terms of the settlement weren't disclosed. "It's an outcome both sides can be happy with," said John Banahan, a lawyer for State...
- Research articles 2007-03-07
- Health insurers waive rules for Katrina victims.(News)(Hurricane Katrina, 2005)
- Byline: GLORIA GONZALEZ Health insurers are waiving normal requirements for employers and members located in states directly affected by Hurricane Katrina, offering uninterrupted medical and dental coverage, even if premiums are not paid on time, Byline: GLORIA GONZALEZ Health...
- Research articles 2005-09-12
- State Farm's $9-bil. blow; Insurer racks up record-setting tab in Katrina's wake.(State Farm Mutual Automobile Insurance Co. company losses due to Hurricane Katrina)
- Byline: STEVE DANIELS State Farm Insurance Cos. sustained between $8 billion and $9 billion in losses from Hurricane Katrina, a record for an insurer from a single storm. A quarterly financial filing last week with the Illinois Division of Insu ...
- Research articles 2005-11-21
Additional Resources
- Aspen Updates its Assessment of Losses Sustained from Hurricane Katrina and the New Orleans Flood and Announces its Initial Assessment of Losses from Hurricane Rita
- HAMILTON, Bermuda -- Aspen Insurance Holdings Limited (the "Company") (NYSE:AHL) (BSX:AHL BH) today announced that it has updated its assessment of estimated losses from Hurricane Katrina and the New Orleans Flood. Based on information available and evaluations to date, the Company estimates that its retained losses, after recoveries from its...
- Research articles 2005-10-03
- Pan-American Life Insurance Company Reports 2005 Results; Overcomes Challenges from Hurricane Katrina to Accomplish Major Corporate Goals
- NEW ORLEANS -- Pan-American Life Insurance Company, a leading international insurance company providing life insurance, group life and health, and worksite benefits, today reported 2005 statutory revenues of $242.3 million and a net loss of $4.5 million. This includes a $5.2 million business recovery expense related to Hurricane Katrina and...
- Research articles 2006-03-20
- W. R. Berkley Corporation Estimates Potential Losses Related to Hurricane Katrina
- GREENWICH, Conn. -- W. R. Berkley Corporation (NYSE: BER) today reported its initial estimate of losses attributable to Hurricane Katrina. Although potential claims information is preliminary, the Company presently expects its pre-tax loss from Hurricane Katrina to be less than $25 million, net of reinsurance recoveries. These potential losses relate...
- Research articles 2005-09-06
- CMG Mortgage Insurance Company Announces Disaster Relief for Hurricane Katrina Victims
- SAN FRANCISCO -- CMG Mortgage Insurance Company today announced it will provide disaster relief for credit union members experiencing financial hardship as a result of damage caused by Hurricane Katrina. "Helping hurricane victims stay in their homes is CMGMI's top priority," said Kathy Schroeder, senior vice president of CMGMI....
- Research articles 2005-09-07
- Allstate `Kicks In' Support for Hurricane Katrina Relief; Allstate `Good Hands' College Field Goal Net Program Makes Donations to the American Red Cross Hurricane Katrina Relief Fund
- NORTHBROOK, Ill. -- In conjunction with Allstate Insurance Company's new "Good Hands" field goal net program launched earlier this week, Allstate will make a $1,000 donation to the American Red Cross Hurricane Katrina Relief Fund for every successful field goal made by Allstate participating schools at their home and away...
- Research articles 2005-09-03
- E&O issues in last month's Hurricane Katrina decision
- IN INSURANCE company offices last month, you could hear a collective sigh of relief as an important decision in a Hurricane Katrina-related case came down in favor of the carriers. In Paul Leonard and Julie Leonard v. Nationwide Mutual Insurance Co., the U.S. District Court for the Southern District of...
- Research articles 2006-09-01
- Everest Re Group Estimates Preliminary Loss Impact of Hurricane Katrina
- HAMILTON, Bermuda -- Everest Re Group, Ltd. (NYSE: RE) announced today that its losses from Hurricane Katrina could amount to approximately one percent of the total insurance industry losses. Absent other significant events, however, Everest still anticipates net income for the year, accompanied by capital growth over its December 31,...
- Research articles 2005-09-13
- Allstate Raises $6 million for Hurricane Katrina Relief Efforts
- NORTHBROOK, Ill. -- As the company's annual charitable contributions giving campaign comes to a close, Allstate Insurance Company together with its employees and agencies and The Allstate Foundation have now contributed more than $6 million to help the thousands of Hurricane Katrina victims rebuild their lives.
- Research articles 2005-10-28
- MetLife Auto & Home Mobilizes Claim Team to Help Customers Impacted by Hurricane Katrina; 24-hour claim number established—800-854-6011
- WARWICK, R.I. -- To assist customers who have been impacted by Hurricane Katrina, MetLife Auto & Home, one of the nation's leading auto and home insurance companies, has mobilized its national Catastrophe Response Team. The company has also established a dedicated 24-hour claim number (1-800-854-6011) for customers who have sustained...
- Research articles 2005-08-29
- If Your Home is Damaged or Destroyed… Important Hurricane Katrina Recovery Information
- NEW ORLEANS -- Allstate Insurance Company customers whose homes or automobiles have been damaged or destroyed by hurricane Katrina can contact Allstate through The Good Hands Network by calling their Allstate agent, dialing 1-800-54-STORM, or logging on at Allstate.com. 10 Tips For Storm Recovery... --Make sure your home...
- Research articles 2005-08-30
- A.M. Best Affirms Ratings of Mutual Savings Life Insurance Company and Mutual Savings Fire and Removes Ratings From Under Review
- OLDWICK, N.J. -- A.M. Best Co. has affirmed the financial strength rating FSR of B- Fair of Mutual Savings Life Insurance Company Mutual Savings and the FSR of C++ Marginal of its subsidiary, Mutual Savings Fire Insurance Company Mutual Savings Fire (both of Decatur, AL). Both ratings have been removed...
- Research articles 2006-05-09
- Farmers Insurance Group Co-Sponsors Largest One-Day Motorcycle Fundraiser Event in the World
- LOS ANGELES -- "The Love Ride," the largest one-day motorcycle event in the world, rolls from Glendale to Castaic Lake recreation area November 12, 2006. Farmers Insurance Group of Companies CEO Paul Hopkins will be among the motorcycle riders. "Farmers and Foremost Insurance Company are proud co-sponsors of the...
- Research articles 2006-11-06
- Pan-American Life Insurance Co. reports $4.5M loss in 2005
- Pan-American Life Insurance Co. today reported a net loss of $4.5 million for 2005, despite revenues of 2005 revenues of $242.3 million. This includes a $5.2 million business recovery expense related to Hurricane Katrina and a one-time restructuring charge of $9.4 million. Pan-American Life Insurance Company ended 2005 with...
- Research articles 2006-03-20
- N.O.-based Pan-American Life Insurance Co. cuts back in 2005
- Like many New Orleans businesses, Pan-American Life Insurance Co. measures its status in pre- and post-Hurricane Katrina terms. But company downsizing was set in course well before the Aug. 29 storm.Pan-Am started 2005 with 481 employees and ended with 341. Most positions were eliminated when Pan-American sold its investment arm,...
- Research articles 2006-03-20
- Gatherings.(Feature)(Allied World Assurance Company Ltd.)(Catlin Group)
- Byline: Rupal Parekh Held last month in Southampton, Bermuda, the seventh biennial World Insurance Forum was attended by top executives from several major insurance, reinsurance, brokerage and financial services firms. Having faced unprecedented challenges in recent years, ranging from the Sept. 11, 2001,...
- Research articles 2006-03-01
- GE Comments on Hurricane Katrina and Reaffirms Third Quarter Outlook and Total Year 2005 Earnings per Share Guidance of $1.80 to $1.83; Continues to Execute Strategy to Reduce Investment in Insurance
- FAIRFIELD, Conn. -- General Electric Company Chairman and CEO Jeffrey R. Immelt today said that GE's earnings forecast for third quarter and full year 2005 remain on track:
- Research articles 2005-10-03
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