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What States have 75% of cat. losses since 1900

Last Post 01 Jul 2008 02:45 AM by d swink. 6 Replies.

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Ray Hall

Advanced Member

Posts:852

26 Jun 2008 06:31 PM
This stat. must apply to windstorm coverage only in an article I was reading in Reinsurance Association of America. "A national Cat Fund creates inequities amoung the states. Only a few states would benefit from such a fund, into which all states would pay. Since 1900, three states-Florida, Louisiana and Texas- have incurred a full 75 % of all natural catastrophe catastrophe losses. In summary, the best long-term strategy for managing the risk of natural disaster losses is not suppressing or regulating rates and warehousing risk in state programs-it is the development of and inssistence on adeguate pricing for catastrophic risk, a diversified market, and mitigation efforts." * Read this morning that Nationwide is thinking about writing a combined form for wind and flood coverage. This is a good start.*

Steve Ebner

Member

Posts:351

27 Jun 2008 11:34 PM
Ray, I think the stat is this (based on having read no article at all) "since 1900 75% of all catadjusters have come from Texas, Florida and Louisiana. No, wait! That stat would be too low a percentage.

Steve Ebner "With great power comes great responsibility." (Stanley Lieber, Amazing Fantasy # 15 August 1962)

Ray Hall

Advanced Member

Posts:852

28 Jun 2008 02:42 AM
Awe Steve, are you one of the intelligent people who was not born in Texas; but, got here as soon as you could?

Mike Kunze

Member

Posts:444

28 Jun 2008 04:20 AM
Posted By Ray Hall on 06/27/2008 9:42 PM Awe Steve, are you one of the intelligent people who was not born in Texas; but, got here as soon as you could? Eh,hem...Ray....I think most of them bird droppings get left off in Texas but some o' them birds migrate a lttle bit. Must be something with the wind and the feeding attractions. Now, ya'll not get upset with me...I'm just giving Ray & Steve a little bit of a hard time.

Larry Hardin

Member

Posts:402

29 Jun 2008 03:05 AM
Yeah, but you see, there's a reason why Oklahoma is on top.

Larry D Hardin

Steve Ebner

Member

Posts:351

30 Jun 2008 11:45 PM
And there's a reason California is on the left. There's also a reason my Texas license says "non-resident" on it. But when it comes to being on the top.......naw, I think this Yankee boy will just keep his mouth shut in a room full of Texans.

Steve Ebner "With great power comes great responsibility." (Stanley Lieber, Amazing Fantasy # 15 August 1962)

d swink

Member

Posts:52

01 Jul 2008 02:45 AM
Hahaha Ol Ray hall was in a bar sipping a beer In walked Steve Ebner who went up sat beside Ray Steve says Hey ol timer want to her hear a joke about how Texas adjusters are so st.............? Ol Ray says Whoa there fella see those 4 guys at that table and those 6 guys at the bar they are all Texas adjusters. How bout I just call them over so you can tell them the joke. You want that? Steve says Naw...... I don't want to have to explain the joke 10 times Just picking

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