Reuters (September 15)
“Business owners who are trying to get back on track after hurricanes Harvey and Irma now face a different sort of challenge: trying to recoup lost income from their insurers.” Some experts predict approximately $70 billion in property losses from flooding in Texas alone. But recouping insured property loses is much easier than lost income. “Exclusions in the fine print of policies, along with waiting periods and disagreements over how to measure a company’s lost income, make business interruption claims among the trickiest in an industry renowned for complexity”
Tags: Business, Business interruption, Claims, Complexity, Exclusions, Flooding, Harvey, Hurricanes, Insurers, Irma, Lost income, Owners, Policies, Property losses, Texas
LA Times (September 5)
Houston is “the country’s most diverse city. But it is more than an immigrant hub; it’s America’s No. 1 magnet for refugees. And for anyone rocked by Harvey’s life-upending losses, those refugees and their experiences can be a monumental resource.” They provide both perspective and inspiration. Many immigrants “are facing the flood’s ravages alongside their neighbors right now, but they are distinct because every refugee lost everything once before. And then they rebuilt.”
Tags: Diverse, Flood, Harvey, Houston, Immigrant, Inspiration, Losses, Perspective, Ravages, Refugees, Resource
USA Today (August 30)
“Climate change didn’t cause Harvey, but it almost surely made the storm worse.” And extreme weather “isn’t just happening in North America. Even as Harvey riveted the nation’s attention this week, the death toll topped 1,000 from unusually severe monsoonal rains half a world away in Bangladesh, India and Nepal.” With such destruction creating “a torrent of human misery, the question isn’t whether the nation can afford to get serious about global warming. We can’t afford not to.”
Tags: Bangladesh, Climate change, Death toll, Destruction, Extreme weather, Global warming, Harvey, India, Misery, Monsoons, Nepal, Rain, U.S.
