Figures

August 6, 2007

$5 billion

The amount Florida officials said they are considering borrowing to make sure the Hurricane Catastrophe Fund will have enough to pay claims in the event of a large hurricane.

50,000

The number of homeowners’ policies State Farm Insurance said it will drop in Florida next year in what it considers risky areas along the coast. Most of the homes and condos that will lose their coverage are within a few miles of the coast.

25%

The percentage of drivers who drive uninsured in Alabama despite the state’s mandatory auto insurance law, according to the Insurance Research Council, a nonprofit funded by insurance providers.

$2.6 million

The amount that national insurance broker Willis Group Holdings Ltd. agreed to reimburse multiple Florida cities and counties while not admitting any wrongdoing, according to state officials. A joint investigation by the Attorney General’s Antitrust Division and the Department of Financial Services led to allegations that Willis improperly collected undisclosed fees or commissions.

35%

The percentage of people in communities that were damaged by a hurricane during the past three years who cited getting gasoline to evacuate as the most common problem, according to a survey by the Harvard School of Public Health.

20%

The percentage of people in communities that were damaged by a hurricane during the past three years who cited not having enough money to evacuate as the most common problem, according to a survey by the Harvard School of Public Health.

14%

The percentage of people in communities that were damaged by a hurricane during the past three years who cited not having enough water to evacuate as the most common problem, according to a survey by the Harvard School of Public Health.

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Insurance Journal West August 6, 2007
August 6, 2007
Insurance Journal West Magazine

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