Hurricane Andrew News
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Florida’s catastrophe fund is set to sell $2 billion of taxable revenue bonds this week, the biggest municipal-debt offer since 2007 in the state, which hasn’t been struck by a major hurricane in seven years.
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Bloomberg BNA -- Natural catastrophes and human-induced disasters caused $186 billion in economic losses in 2012 and $77 billion in insured losses, making it the third-costliest year on record for insurers, according to a March 27 report by the reinsurance firm Swiss Re.
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At 9:03 a.m. on Sept. 11, 2001, Britt Newhouse stood in the lobby on the 52nd floor of the south tower of the World Trade Center.
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Sandy, the Atlantic superstorm that caused flooding, damage and blackouts throughout the U.S. Northeast this week, may lead to higher insurance rates and tighter terms in the affected areas.
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Allstate Corp. is leading property and casualty insurers to the best start since 2003 amid a decline in tornadoes and forecasts for fewer major hurricanes.
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Florida’s state-run fund backing insurers against hurricane losses is paying the price for its ominous name.
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New Jersey Governor Chris Christie’s run for a second term and his 2016 presidential ambitions will be shaped by how well he manages his state’s recovery from Hurricane Sandy.
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U.S. property insurers declined on the first trading day in New York after Atlantic superstorm Sandy lashed the U.S. and a risk modeling firm said the damage could cost the industry as much as $15 billion.
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Federal aid for Hurricane Sandy’s victims -- and perhaps public perception of President Barack Obama’s leadership -- is in the hands of a straight-talking former paramedic who in a crisis never forgets his love of University of Florida football.
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Hannover Re, the world’s fourth- biggest reinsurer, expects record earnings this year after reporting a 63 percent increase in third-quarter profit.
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