Timing Risks, Insurance
Timing Risks, Insurance :
Timing Risks, Insurance. ".... the event happens before sufficient premiums have been collected to fund payment of claims". 121 (Financial Services Roundtable, Nation Unprepared, 2007, 45) 121. The larger the losses from an insured event, the more significant the timing risk. For example, according to information supplied by the Insurance Information Institute, homeowners losses in Louisiana from Katrina wiped out 25 years of insurance premiums collected in the state. In Mississippi, the damages from Katrina wiped out 17 years of premiums. (FSR, Mega- Catastrophe, 2007 45)
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