Insurance Information Institute, New York
July 2007

This excellent report is available from the link below.
Insurance Information Institute Catastrophes Insurance Update

Major Issues and Sections Include:

• Inactive 2660 Hurricane Season Allows Insurance Industry Chance to Bolster its Surplus
• Katrina, Rita and Wilma Trigger Reexamination of Financing of Massive Property Damage by Insurers, Reinsurers and Public Policy and Political Leaders
• First quarter 2007 catastrophe losses totaled $1.26 billion, according to ISO’s Property Claims Services (PCS) unit
• Availability of Property Insurance in Coastal Counties Along Eastern Seaboard from Florida to Cape Cod and Cost of Coverage becoming Grave Concerns as Insurers Pull Back.
• Proposals/Legislation Stemming from 2004/2005 Hurricanes With the Florida Solution Most Controversial
• Florida Leader in Promoting Hurricane Loss Mitigation
• Proposals for Regional and National Catastrophe Funds
• Growth of State-Run Property Insurers Shifting Financial Burden of Potential Hurricane-Related Damage to All Policyholders and Taxpayers
• Passage of Flood Insurance Reform Legislation in this Session of Congress Now Uncertain
• THE TEN MOST COSTLY CATASTROPHES, UNITED STATES
• INSURED LOSSES FOR U.S. CATASTROPHES, 1997-2006
• MAJOR U.S. CATASTROPHES, 2007
• MAJOR U.S. CATASTROPHES, 2006
• THE TEN MOST COSTLY HURRICANES IN THE UNITED STATES
• THE SAFFIR/SIMPSON CLASSIFICATION SYSTEM FOR HURRICANES