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Insurers' Ability to Pay Catastrophe Claims

GGD-00-57R Published: Feb 08, 2000. Publicly Released: Mar 10, 2000.
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Highlights

Pursuant to a congressional request, GAO provided information on the insurance industry's capacity to pay natural catastrophe claims, focusing on: (1) comparing available data on industry financial resources to estimates of potential insured losses that would result from natural catastrophes of various magnitudes; (2) two recent studies of capacity; and (3) factors that may affect the stability of insurer capacity over time.

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Topics

Business Regulation and Consumer Protection
Comparative analysisFinancial analysisHurricane AndrewHurricanesInsurance companiesInsurance cost controlInsurance lossesNorthridge earthquakePayProperty damage claimsProperty losses