After Andrew, insurers are better prepared.Hurricane Andrew's devastating dev·as·tate
tr.v. dev·as·tat·ed, dev·as·tat·ing, dev·as·tates
1. To lay waste; destroy.
2. To overwhelm; confound; stun: was devastated by the rude remark. destruction in Florida in 1992 spurred a sea change within the industry that insurers are benefiting from today as it begins the cleanup of Hurricane Charley This article is about the Atlantic hurricane of 2004; for other storms named Hurricane Charley, see Hurricane Charley (disambiguation).
Hurricane Charley was the third named storm, the second hurricane, and the second major hurricane of the 2004 Atlantic hurricane season. .
Bill Bailey, special counsel to the Insurance Information Institute who was in hard-hit Punta Gorda Punta Gorda may refer to:
Hurricane Andrew is the second-most-destructive hurricane in U.S. history, and the last of three Category 5 hurricanes that made U.S. , said Charley's worst damage is every bit as bad as Andrew's. But Charley's destruction was more focused than Andrew's and damage wasn't as widespread. Punta Gorda, where the hurricane did its most harm, had a large number of trailer parks, which were "ripped to shreds," leaving pieces of aluminum strewn strew
tr.v. strewed, strewn or strewed, strew·ing, strews
1. To spread here and there; scatter: strewing flowers down the aisle.
2. along the streets, he said. In the downtown area, Bailey saw a three-story hotel with a roof that peeled off like a banana banana, name for several species of the genus Musa and for the fruits these produce. The banana plant—one of the largest herbaceous plants—is said to be native to tropical Asia, but is now cultivated throughout the tropics. that reminded him of Andrew's destruction.
But despite the large amount of destruction from Charley, the insurance industry is much better prepared for a hurricane of Charley's size and intensity than it was when Andrew hit in 1992. Lessons learned by insurers affected how they now deal with claims adjusting, how they set their rates and deductibles and how they improved construction codes.
"With all of the changes that have taken place from real-life examples set by Andrew, the market is far more capable of absorbing the storm," said William Stander, regional manager for the Property Casualty Insurers Association of America.