ECONOMIA

Who will bear the financial burden for Harvey's rampage? Not insurance companies

Who will bear the financial burden for Harvey's rampage? Not insurance companies The reform legislation championed by Rubio, Warren and Sen. Insurance experts say only a small fraction of homeowners in Harvey's path of destruction have flood insurance. He also wants to persuade more communities to limit construction in high-risk flood zones. "Allison was a once-in-500-year flood", said Texas A&M University economist James P. Continua a leggere...

Many Texans without flood insurance as Harvey keeps hammering Gulf Coast

Many Texans without flood insurance as Harvey keeps hammering Gulf Coast Why homeowners in flood-prone areas don't buy what is now low-cost flood insurance is a real mystery. The Federal Emergency Management Agency says the program "aims to reduce the impact of flooding on private and public structures", and that it does so "by providing affordable insurance to property owners and by encouraging communities to adopt and enforce floodplain management regulations". Continua a leggere...

Could Hurricane Harvey impact South Florida's homeowner insurance rates?

Could Hurricane Harvey impact South Florida's homeowner insurance rates? Now nearly half a century old, the NFIP grew out of what was, at the time, a basic reality of the insurance business: Flooding risks were actuarially imponderable, so insuring against them was uneconomic for the private sector, especially in places such as the hurricane-prone Gulf of Mexico. Continua a leggere...

FEMA Warns Harvey Victims about Scammers

FEMA Warns Harvey Victims about Scammers That's according to an Associated Press analysis of federal flood insurance data. It slammed Rockport, Texas as a Category 4 storm when it came ashore last Friday - but was downgraded to a tropical storm by mid-Saturday. But in the Houston area, which bore the brunt of Harvey, many residents didn't have the flood coverage and could have to dip into savings to pay for repairs. Continua a leggere...

Flood Insurance: Do you need it?

Flood Insurance: Do you need it? Ware Wendell, director of Texas Watch, a consumer advocacy group specializing in insurance issues, said a "man-made catastrophe" could quickly follow the natural catastrophe that struck the Coastal Bend, Houston and the Upper Texas Gulf Coast during Harvey . Continua a leggere...

Hurricane Harvey: Five Key Facts Texans Must Know About NFIP Flood Claims

Hurricane Harvey: Five Key Facts Texans Must Know About NFIP Flood Claims It also slammed FEMA for leaving the federal flood insurance program - called the National Flood Insurance Program at "risk for fraud, waste, abuse, or mismanagement". "At the end of the day, this is a pocketbook decision for homeowners", Peterson said. If Congress is unwilling to raise premiums, it ought to properly finance the subsidies. Continua a leggere...

Majority of Harvey victims do not have flood insurance

Majority of Harvey victims do not have flood insurance She figured she could put the $450 annual premium, due next week, to another use. The NFIP is already deeply in debt and likely will have to be bailed out again by USA taxpayers, as it was after Katrina, to cover the bill for flood damage claims from Harvey . Continua a leggere...

Many Texans without flood insurance as Harvey keeps hammering Gulf Coast

Many Texans without flood insurance as Harvey keeps hammering Gulf Coast Why homeowners in flood-prone areas don't buy what is now low-cost flood insurance is a real mystery. The Federal Emergency Management Agency says the program "aims to reduce the impact of flooding on private and public structures", and that it does so "by providing affordable insurance to property owners and by encouraging communities to adopt and enforce floodplain management regulations". Continua a leggere...

Harvey residential insured and uninsured flood loss $25-$37 bln- Corelogic

Harvey residential insured and uninsured flood loss $25-$37 bln- Corelogic But even if Congress acts, residents who don't have flood insurance will have to search for assistance elsewhere. " All these people taken out in boats, they have a second problem: They have no insurance", he said. Even with loans available, thousands of Hurricane Katrina victims ultimately opted to declare bankruptcy and flee their destroyed houses, finding the mortgage on their unlivable home... Continua a leggere...

Hurricane Harvey: 70% of home damage costs aren't covered by insurance

Hurricane Harvey: 70% of home damage costs aren't covered by insurance Hurricanes wreak havoc of many kinds, but Harvey has caused mostly flooding damage due to heavy rain in and around Houston. "It can be financially devastating". For now, flood insurance for ordinary homeowners is handled by the federal government's National Flood Insurance Program (NFIP). If Congress doesn't reauthorize the National Flood Insurance Program, the program would "lapse" and FE... Continua a leggere...

Harvey residential flood loss estimated at up to $9.5bn

Harvey residential flood loss estimated at up to $9.5bn Finally, lawmakers ought to wipe out the debt the flood insurance program owes to the government. The agency underwrites the policies but farms out the task of pitching them to homeowners to private insurers. But property-casualty insurers such as Allstate (ALL), Chubb (CB), Liberty Mutual and State Farm are undoubtedly eyeing the business as the demand for flood coverage swells. Continua a leggere...

Harvey residential insured and uninsured flood loss $25-$37 bln- Corelogic

Harvey residential insured and uninsured flood loss $25-$37 bln- Corelogic But even if Congress acts, residents who don't have flood insurance will have to search for assistance elsewhere. " All these people taken out in boats, they have a second problem: They have no insurance", he said. Even with loans available, thousands of Hurricane Katrina victims ultimately opted to declare bankruptcy and flee their destroyed houses, finding the mortgage on their unlivable home... Continua a leggere...

Top Stock Picks for the Day: JetBlue Airways Corporation (JBLU), Centene Corporation

Top Stock Picks for the Day: JetBlue Airways Corporation (JBLU), Centene Corporation JetBlue Airways Corporation (NYSE: JBLU ) has risen 18.75% since September 1, 2016 and is uptrending. It has underperformed by 58.59% the S&P500. Two analysts have rated the stock with a sell rating, ten have issued a hold rating, five have assigned a buy rating and one has given a strong buy rating to the stock. Continua a leggere...

Who will bear the financial burden for Harvey's rampage? Not insurance companies

Who will bear the financial burden for Harvey's rampage? Not insurance companies The reform legislation championed by Rubio, Warren and Sen. Insurance experts say only a small fraction of homeowners in Harvey's path of destruction have flood insurance. He also wants to persuade more communities to limit construction in high-risk flood zones. "Allison was a once-in-500-year flood", said Texas A&M University economist James P. Continua a leggere...

How Federal Flood Insurance Puts Homes at Risk

How Federal Flood Insurance Puts Homes at Risk The federal program for paying out flood insurance claims is severely in debt. That same day, meteorologists had upgraded Harvey from a tropical depression to a full-blown hurricane, and the news would only get worse. Members of the House and Senate have introduced bipartisan reauthorization bills this year that seek to extend insurance program for six years and provide critical reforms, inclu... Continua a leggere...

JetBlue Airways Corporation (JBLU) Rating Lowered to Buy at ValuEngine

JetBlue Airways Corporation (JBLU) Rating Lowered to Buy at ValuEngine Renaissance Technologies Ltd accumulated 167,800 shares. About 5,301 shares traded. Southcross Energy Partners LP (NYSE:SXE) has risen 119.90% since September 1, 2016 and is uptrending. The firm has "Outperform" rating given on Friday, October 28 by Imperial Capital. On Thursday, December 22 the stock rating was maintained by Imperial Capital with "Outperform". Continua a leggere...

Marks and Spencer Group Plc

Marks and Spencer Group Plc with EPIC/TICKER (LON:MKS) has had its stock rating noted as "Reiterates" with the recommendation being set at "NEUTRAL" today by analysts at Credit Suisse. Zacks Investment Research's price target would indicate a potential upside of 8.04% from the stock's current price. Nine financial stock experts recommended the company shares with a sell recommendation, six have ... Continua a leggere...

Scotiabank Lowers Painted Pony Energy Ltd (PONY) Price Target to C$4.50

Scotiabank Lowers Painted Pony Energy Ltd (PONY) Price Target to C$4.50 The firm presently has a "sector perform" rating on the stock. The stock decreased 3.16% or $0.09 during the last trading session, reaching $2.61. Therefore 33% are positive. Campbell Michael Earl sold $645,514 worth of stock. The insider Lee Yau Tat sold 5,875 shares worth $2.58M. Valuation of the business is $534.48 M and a price to earnings ratio of 55.33. Continua a leggere...

Elon Musk's hyperloop hits 355km/h, sets new speed record

Elon Musk's hyperloop hits 355km/h, sets new speed record Musk shared the news via Instagram . "Got up to 355 km/h (220 mph)". "We took the SpaceX/Tesla Hyperloop pusher pod for a spin by itself a few days ago to see what it could do when not pushing student pods (some need a push to get going, e.g. Continua a leggere...

Ellsworth airmen show force after latest North Korean missile launch

Ellsworth airmen show force after latest North Korean missile launch Mrs May's presence in Tokyo comes after Pyongyang launched a missile which flew over the Japanese island of Hokkaido. Allowing South Korea more powerful weaponry signals to the North that Seoul will not necessarily be constrained by the United States and that it has an independent ability to react, Schuster said. Continua a leggere...


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