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News and Business
Journal of Risk and Insurance - Vol. 71 Nbr. 3, September 2004
We estimate the demand for homeowners insurance in Florida and New York with indicated loss costs as our proxy for the quantity of real insurance services demanded. We decompose the demand into the demand for coverage of catastrophe perils and the demand for noncatastrophe coverage and estimate these demand functions separately. Our results are relatively consistent in New York and Florida, including evidence that catastrophe demand is more price elastic than noncatastrophe demand. We also fi...
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HUNDREDS of British tourists were in fear of a 145mph hurricane thundered through the Caribbean towards America last night. Many were holed up in Cuban hotels while others were joining an exodus from the Florida Keys.
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THE number of British visitors to Florida has fallen for the first time in over a decade. The drop has alarmed tourist chiefs in Orlando home of the Disney theme parks where the estimated 1.2million British visitors pump more than Pounds 500million a year into the local economy.
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News and Business
Evening Standard - London - September 09, 2004
INSURANCE stocks are bracing themselves as Hurricane Ivan, hot on the heels of Charley and Frances, smashes its way through the Caribbean and threatens to lash the Florida coast. Recent noises from non-life UK insurers including Amlin and Brit Insurance, which reported halfyear figures earlier this week, suggest the damage from Hurricane Frances will probably not be as severe as from Hurricane Charley, which is expected to cost the insurance industry about $7 billion (Pounds 3.9 billion).
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News and Business
Daily Mail - March 15, 2008
The Pounds 35m Share Sharks ; 15,000 Britons Tricked Into Buying Shares Worth Nothing
A FORMER insurance salesman has been accused of a Pounds 35million shares fraud that robbed more than 15,000 Britons of their savings. Paul Gunter, 58, and his daughter Zibiah, 25, are under arrest in Florida after an international police investigation into a huge investment scam.
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News and Business
Journal of Risk and Insurance - Vol. 71 Nbr. 3, September 2004
Participation in the National Flood Insurance Program: An Empirical Analysis for Coastal Properties
A perennial question about the National Flood Insurance Program is: how can participation be increased? An empirical analysis of individual-level data reveals that in a sample of coastal areas the participation rate is 49 percent of eligible properties. Participation responsiveness to price is inelastic, but it has been increased by the mandatory purchase requirements for mortgage borrowers. Easing conditions for participation in the program would probably not reduce flood control measures, s...
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News and Business
Daily Mail - May 07, 2004
A MOTHER who went ahead with a holiday to Florida despite being 33 weeks pregnant was left with an Pounds 8,000 hospital bill after going into labour six weeks early. Jane Gray, 37, booked the cheap flights for the two-week break at her parents' villa on the Internet a year before the holiday.
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REGULATORS in the US seized a large commercial bank on Friday and sold some of its deposits. In what was the fourth-largest bank failure this year, Chicago- based Corus Bank, long controlled by the Glickman family, crumbled under the pressure of bad loans on commercial property and residential developments in Arizona, southern California, southern Florida and Nevada.
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News and Business
The Sunday Telegraph London - September 17, 2006
Daytona Beach is getting a facelift. Not content simply to be known as America's birthplace of speed and the "spring break'' student party capital, the town wants a bigger slice of Florida's key lime pie. Already, more than eight million tourists pour in to Daytona every year. Meanwhile an estimated 1,000 new arrivals fetch up in the state every day and, like many of the 150,000 Britons who went house-hunting in Florida last year, find themselves priced out of the most glamorous beach resorts...
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