Facebook Vice President David Marcus is the face of the company's Libra digital currency, but the original driving force was a 26-year-old female corporate-development...Technologyread more
Amazon's new policy for account suspensions doesn't go far enough to protect sellers from potentially unfair and wrongful suspensions, merchants say.Technologyread more
There is no end in sight to the Boeing 737 Max grounding after two fatal crashes, prompting airlines to rethink their growth plans.Airlinesread more
After a year of flooding, Midwest farmers face a stifling heat wave that's spreading across the U.S.Weather & Natural Disastersread more
On Saturday, Disney's Marvel Studios announced its upcoming slate of superhero films during a panel at San Diego Comic-Con.Entertainmentread more
Moving lots of data to a public cloud over the internet can take months or years. CNBC got an inside look at how AWS transfers data to the cloud for its clients.Technologyread more
A quarter of the S&P 500 companies report earnings next week, and that could buffet the market as investors await the July Fed meeting.Market Insiderread more
Iran's Revolutionary Guard claims a British tanker it still holds, Stena Impero, failed to follow international maritime rules.World Newsread more
"It troubles me that the most important political office in the world is becoming the face of racism and exclusion," Kaeser said in a Twitter post.Politicsread more
Silver's rally could be losing its shine after the precious metal reached its year-to-date high, futures experts warn.Futures Nowread more
Some 40% of Americans would struggle to come up with even $400 to pay for an emergency expense. Just how are so many Americans so short on cash? Blame debt.Personal Financeread more
Consumers affected by Hurricane Harvey aren't in for an easy financial recovery.
Harvey, the most powerful hurricane to hit Texas in more than 50 years, has triggered unprecedented catastrophic flooding in Houston and other areas of southeastern Texas. On Monday, forecasters at the National Hurricane Center warned that Harvey (now a tropical storm) is expected to continue dumping rain on the area throughout the week, with advisories in effect for flooding and flash flood emergencies.
Insured losses from Harvey could be as much as $10 billion to $20 billion, putting it among the top 10 costliest hurricanes to hit the U.S., investment bank JPMorgan told clients Monday.
For Texans, handling the insurance aspects probably isn't top of mind — nor should it be.
"The issue right now is safety — getting people out, evacuating," said Loretta Worters, a vice president for the Insurance Information Institute.
Once you're to a place of safety, here's how to start navigating the claims process:
Insurance adjusters can't get in until the flood waters have receded, Worters said, but it helps to pre-emptively reach out and let your agents know your home and vehicle have sustained storm damage. That helps insurers know both where to go to look for damage, and where to find you in the coming days and weeks to more quickly provide assistance.
Another reason to act fast: Insurers often handle claims on a first-come, first-serve basis, said J. Robert Hunter, director of insurance for the Consumer Federation of America.
Consumers likely need to make several calls. (Ideally, policy numbers and agent contacts would have been part of an emergency "go bag.")
Homeowners: You may have several kinds of coverage. In addition to a primary homeowners insurance policy, some homeowners may also have separate wind damage coverage via the Texas Windstorm Association, and flood insurance with the National Flood Insurance Program or a private insurer, Worters said.
Even if you don't have flood insurance (only about 12 percent of homeowners do), call your home insurer, said Peter Kochenburger, deputy director of the Insurance Law Center at the University of Connecticut School of Law. Homeowners policies specifically exclude damage related to flooding, but water and wind damage are separate issues. (For example, you could be covered for water damage resulting from wind damage to the roof, or a flying tree branch that broke a window, he said.)
"Don't assume you don't have coverage," he said.
Travel: Texans currently traveling should reach out to their travel insurance provider, if they bought a policy for their trip. The "trip interruption" portion could kick in for policyholders who need to cut short their travels due to the hurricane damaging property, said Megan Singh, project management director for insurance marketplace Squaremouth.
"They could actually be covered to return home," she said — including the cost of a new flight and reimbursement for hotel nights and other prepaid expenses left unused as a result of the shortened trip.
Take notes documenting every contact with your insurer, including who you spoke with, when, and what was said. Those details can be important if you later have any difficulty with your claim, or need to file a complaint, Hunter said.
"You want to be able to remember exactly what happened," he said.
Keep your claim numbers at hand for easy reference. That helps insurers route you quickly to the claims department, which will have the most up-to-date info on your claim, he said.
Your homeowners policy may include "additional living expense" coverage that provides reimbursement for immediate expenses like emergency repairs, temporary housing and meals, Kochenburger said. Ask your agent about that coverage. Insurers often reimburse those expenses quickly.
Consumers who don't have insurance or are underinsured aren't without recourse, Worters said.
Check DisasterAssistance.gov (run by the Federal Emergency Management Agency) to see if you qualify for grants or low-interest loans to help cover expenses such as temporary housing, emergency home repairs and property losses, she said. Nonprofits are also collecting donations to provide aid and supplies to people in need.