Half a billion people worldwide are affected by floods annually, and about 90 percent of all U.S. natural disasters involve flooding. The human and economic tolls are massive, and until recently insuring these risks and helping communities recover fell almost entirely on government programs.
Experts want dog owners to know that children are particularly at risk for dog bites and are more likely to be severely injured, so it’s essential for parents to teach their kids to be safe around strange dogs and their own pets. Pet adoptions and insurance
A captive insurance company is a type of risk-management arrangement that works like self-insurance. In this white paper, Triple-I non-resident scholar Dr. Patricia Born discusses the considerations for midsize companies considering group captives.
SURPLUS LINES- Property/casualty insurance coverage that isn’t available from insurers licensed in the state, called admitted companies, and must be purchased from a non-admitted carrier. Examples include risks of an unusual nature that require greater flexibility in policy terms and conditions than exist in standard forms or where the highest rates allowed by state regulators are considered inadequate by admitted companies. Laws governing surplus lines vary by state.
JUNK BONDS- Corporate bonds with credit ratings of BB or less. They pay a higher yield than investment grade bonds because issuers have a higher perceived risk of default. Such bonds involve market risk that could force investors, including insurers, to sell the bonds when their value is low. Most states place limits on insurers’ investments in these bonds. In general, because property/casualty insurers can be called upon to provide huge sums of money immediately after a disaster, their investments must be liquid. Less than 2 percent are in real estate and a similarly small percentage are in junk bonds.See Full Glossary
For immediate release New York Press Office: Loretta Worters, (917) 208-8842; email@example.com NEW YORK, April 29, 2021—Major flood events could grow over the next 30 years even as U.S. Read More
For immediate release New York Press Office: Michael Barry, 917-923-8245, firstname.lastname@example.org NEW YORK, April 28, 2021—To broaden its reputation as the go-to destination for the economic drivers impacting U.S. Read More