FORT LAUDERDALE, Fla. (AP) — Florida's disjointed property insurance system that relies almost exclusively on small and midsize companies will take a multibillion dollar loss from Hurricane Michael, but has sufficient reserves and backups that providers should be able to pay claims without problems, analysts say.
FORT LAUDERDALE, Fla. (AP) — Florida's disjointed property insurance system that relies almost exclusively on small and midsize companies will take a multibillion dollar loss from Hurricane Michael, but has sufficient reserves and backups that providers should be able to pay claims without problems, analysts say.
NEW YORK (AP) — Hurricanes almost always set off an orchestrated dance on Wall Street before they make landfall, with shares of property and casualty insurance companies dumped in favor of companies that sell construction supplies or portable generators.
That routine began a week ago, though Hurricane Florence appears to be turning up the volume this time.
The last time a hurricane of this size struck the middle of the East Coast, Texas Instruments had just introduced the first transistor radio.
SAN FRANCISCO (AP) — Carl Clark, a California man who was recognized six decades after his bravery during World War II with a medal of honor that had been denied because he was black, died last week. He was 100.
Clark, who received the Navy and Marine Corps Commendation Medal in 2012, died March 16 at a Veteran's Administration hospital in Menlo Park, his daughter, Karen Clark Collins, said Tuesday.