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Insurance Industry Leaders Discuss Trends And The Effects Of Hurricane Katrina
By Michael Bell


Online Boat Insurance
Sailing has long been the past time of choice for a large number of people. It may be physically challenging at times, but it can also be one of the most rewarding sport or hobby you take part in. Whether your vessel of choice is a yacht or a narrow boat, the one thing they have in common is that you will need the best insurance possible, as the consequences to your pocket if any thing should happen to your beloved vessel do not bear thinking of. You can now easily arrange Online Boat Insurance that will cover every thing you need and maybe even a couple of things you don`t! When buying or renewing your Online Boat Insurance why not get in touch with one of the very best insurers of all types of sailing vessels in the business. This Online Boat Insurance company will liaise with you very closely whilst choosing your policy to ensure you get he right one for your needs, and that you are fully aware of what is covered ? or not ? before you buy.


Hurricane Katrina has affected the insurance industry dramatically. At a recent conference, several industry leaders discussed trends in the market, recruitment of new agents, the devastating effects of Katrina, and the insurance industry`s duties to policyholders in the aftermath of the hurricane. The long and short term effects of Katrina was the focus of the panel, led by CEOs of major insurers, which determined that the insurance industry must stand behind policyholders, especially those affected by Hurricane Katrina. There was agreement between most major insurance companies that the suspension of billing and cancellations was the top priority, along with paying claims promptly and fairly to those in devastated regions.

The various insurance associations, both state and national, have created a fund to help industry colleagues affected by Katrina recover from the losses they have suffered. The fund will also benefit the families of agents and brokers directly affected by the hurricane. Hurricane Katrina has devastated not only human life and property, but also the economic stability of the coastal region. Major insurance companies have suffered devastating losses as well as a result of Hurricane Katrina. The insurance industry estimates that 15 to 25 billion dollars in losses could be the price of insured losses due to the hurricane.

For more information about this article and/or the author visit http://www.InsuranceOptionsGuide.com

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