NEW YORK— Flood insurance is on people's minds again after hurricanes Harvey in Texas and Irma in Florida. Roy Wright, the director of the National Flood Insurance Program, has been pushing to make changes to the system, which is overseen by the Federal Emergency Management Agency. The flood insurance program was criticized after Hurricanes Sandy and Katrina as...
CNBC's Morgan Brennan reports the latest numbers on Allstate's insurance claims.
U.S. Rep. Jeb Hensarling, (R-Texas), shares his concerns about current flood insurance coverage. We believe that competition and innovation can help, says Rep. Hensarling.
Allen Chastanet, Prime Minister of Saint Lucia, talks about rebuilding the hard-hit Caribbean after recent storms left the islands devastated. Also Prime Minister Chastanet addresses insurance coverage.
NEW YORK, Sept 19- Allstate Corp's Chief Executive Officer Tom Wilson on Tuesday called on U.S. lawmakers to overhaul a government subsidized flood insurance program, calling for a more streamlined system that does not overburden taxpayers. The impact of hurricanes Harvey and Irma, which hit Texas and Florida in recent weeks, has added urgency to the issue.
Sept 19- Allstate Corp Chief Executive Officer Tom Wilson on Tuesday called on U.S. lawmakers to overhaul a federal program that subsidizes flood insurance for homeowners, calling it a "bad" system that overburdens taxpayers. Treasury and likely to face billions of dollars in additional costs in the wake of Hurricanes Harvey and Irma, which struck Texas and...
Hurricane Irma may have caused $42.5 billion to $65 billion in wind and flood damage, according to a preliminary estimate from CoreLogic.
Jeff Dailey, Farmers Group CEO, discusses the costs, liabilities and assessments of hurricanes, and weighs in on flood insurance.
Roger Crandall, MassMutual CEO and president, discusses the business of life insurance and the products they provide for policyholders. The biggest product we sell is permanent whole life insurance, says Crandall.
JPMorgan predicts Berkshire Hathaway will generate strong earnings growth through 2019.
WASHINGTON, Sept 13- The U.S. federal flood insurance program estimates it will make $11 billion in payments through the government-run program for flooding in Texas caused by Hurricane Harvey, the program's administrator Roy Wright said on Wednesday.
FEDERAL FLOOD INSURANCE PROGRAM ESTIMATES $11 BLN IN PAYMENTS FOR HARVEY FLOODING IN TEXAS- PROGRAM ADMINISTRATOR ROY WRIGHT.
Paul Newsome, Sandler O’Neill and Partners provides insight to the effect Hurricane Irma could have on insurance companies.
Assurant CEO Alan Colberg discusses his company's preliminary loss estimates from Hurricanes Irma and Harvey.
Hurricane Irma will cause insured losses of $20 billion to $40 billion in the US, according to an updated projection from risk modeling firm AIR Worldwide.
JPMorgan tells its clients Hurricane Irma's insured losses will still rank among the costliest in history.
If you're unable to work because of natural disasters like hurricanes, you may be able to recover lost wages.
It's still a devastating blow to the insurance industry, says Elyse Greenspan, Wells Fargo Securities senior analyst, talking about the impact of Hurricane Irma on insurers.
Randy Binner, FBR Capital Markets managing director, weighs in on the impact Hurricane Irma will likely have on insurers.
FEMA OFFICIAL SAYS FEMA ASSISTANCE FOR HOME REPAIRS AFTER HARVEY TO BE CAPPED AT $33,000, REGARDLESS OF FLOOD INSURANCE STATUS.