Stories about Money

Sep 03 2017

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

The other way that property owners may have coverage, of course, is through flood insurance, which is typically provided by the federal government. In percentage terms,...

Sep 03 2017

Flood insurance: Harvey tests a broken system

Amanda Spartz almost did not renew her home's flood insurance policy after her first year in Florida. "Unfortunately, we don't have an LBJ". Fitch predicted that person...

Sep 03 2017

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 ins...

Sep 03 2017

United States flood insurance is at risk

That means people are likely to keep on building where they're at risk of flooding, and not buying insurance. Several Houston-area homeowners and insurance experts also...

Sep 03 2017

How Harvey may reshape federal flood insurance policy

Elegant in theory, the plan gradually succumbed to real estate interests, with the result that flood insurance enabled rather than managed development along coasts and ...

Sep 03 2017

How Hurricane Harvey could shape the National Flood Insurance Program debate

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 ins...

Sep 03 2017

With or without flood insurance, Hurricane Harvey victims face uncertain future

Understand what NFIP covers: Flood insurance under NFIP is created to help homeowners deal with the financial consequences of flooding but it can differ from typical hom...

Sep 03 2017

Flood insurance rates could spike as federal program drowns in debt

Ellis and others say the best hope now is that lawmakers will pass a three- or six-month extension of the National Flood Insurance Program , effectively kicking the deba...

Sep 03 2017

Hurricane Harvey: How subsidised insurance leads to unsafe homes

Estimates are that 80% to 85% of Houston homeowners do not have flood insurance , either private or public. Critics say it's wrong that the program is being subsidized, ...

Sep 03 2017

Most Harvey flood victims on hook to pay for home repairs

Others who do have it often discover they are not covered for flooding. Those divides could intensify this month as lawmakers confront three tasks: Formulating an aid pac...

Sep 03 2017

Hurricane Harvey: How subsidised insurance leads to unsafe homes

Estimates are that 80% to 85% of Houston homeowners do not have flood insurance , either private or public. Critics say it's wrong that the program is being subsidized, ...

Sep 03 2017

Government flood insurance on the brink after Harvey, fmr. FEMA director says

For homeowners in high-risk areas it could become too expensive and out of reach. "Unfortunately, we don't have an LBJ". Contact your Agent or Company Representative I...

Sep 03 2017

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 ...

Sep 02 2017

Japan Defense Ministry seeks missile interceptors in budget

The test, one of the most provocative ever from the reclusive state, came as US and South Korean forces conduct annual military exercises on the peninsula, to which North...

Sep 02 2017

Dell CEO pledges $36mn to hurricane Harvey relief efforts

Greg Abbott (R) was quoted as saying in the Dell statement. In line with its 18 years of work in helping children and families across Texas, the Michael & Susan Dell ...

Sep 02 2017

Strs Ohio Decreases Position in NextEra Energy, Inc. (NEE)

About 392,166 shares traded. It has underperformed by 0.76% the S&P500. The days to cover increased to 3.0 and the short interest percentage is 0.01% as of August 15. T...

Sep 02 2017

This is how good Justin Verlander was for the Detroit Tigers

The Angels are sending the Tigers right-handed pitcher Grayson Long , who had been one of their most improved prospects this season. The Tigers drafted Verland...

Sep 02 2017

Ministers Evaluated 'Positive' And 'Negative' Ahead Of Third Cabinet Reshuffle

Ministers of State Rajiv Pratap Rudy, Sanjiv Kumar Balyan, Faggan Singh Kulaste and Mahendra Nath Pandey resigned late on Thursday night. While Bharti's camp had been...

Sep 02 2017

Analyst Recommendations Watch: Sears Holdings Corporation (SHLD)

The firm has "Outperform" rating by Wells Fargo given on Friday, December 9. The stock has "Buy" rating by UBS on Thursday, June 1. Berenberg upgraded the shares of HBH3 ...

Sep 02 2017

FEMA Hurricane Harvey Funding Vote Likely in Mid-September

The club will also partner with Fox Sports Southwest for an on-air benefit in late September for hurricane victims . Abbott said his state would accept the offer of as...