Natural Disasters and Homeowners Insurance
Insurance company executives and others testifed about the effects of natural disasters such as Hurricane Katrina on the U.S. insurance mark… read more
Insurance company executives and others testifed about the effects of natural disasters such as Hurricane Katrina on the U.S. insurance markets for homeowners and whether that market is prepared for the next catastrophe. Topics included the reluctance of insurers to cover coastal properties, the cycle of larger hurricanes, the costs of recent natural disasters, increased housing development along coasts, federal reinsurance programs to protect insurance companies. close
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