When Berkshire Hathaway reports its third-quarter earnings on Saturday, investors won’t be spending a lot of time looking at the bottom line. The conglomerate’s stock buybacks, equity purchases, and l...
Tag: Catastrophe Insurance
Flood Insurance Fell in Florida Before Hurricane Ian Struck
SANFORD, Fla.—Florida homeowners had reduced their flood insurance coverage in the years before Hurricane Ian dumped up to 15 inches of rain on the state, inundating coastal and inland areas. Only a s...
Opinion: Florida’s insurance rates have almost doubled over five years, yet insurance companies are still losing money — and the reason is more insidious than hurricanes
Hurricane risk might seem like the obvious problem, but there is a more insidious driver in this financial train wreck. Finance professor Shahid Hamid, who directs the Laboratory for Insurance at Flor...