Jean Eaglesham
speaker
123 appearances
2 recordings
1 series
first heard Jul 2018
last heard Oct 2024
Jean Eaglesham’s voice in public audio — every appearance, attributed to the second.
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Appearances
And what the big companies say is unless they're allowed to have these kind of limits,
they simply can't afford to provide cover for hurricanes at all.
So there's some very vulnerable areas, properties along the Gulf Coast, where they couldn't offer home insurance unless they're allowed to impose these kind of restrictions.
So that's the sort of balancing out the regulators are trying to do.
Helene has again really exposed this risk of flooding, the fact that
Even though you're outside, well outside a flood zone, maybe in this case hundreds of miles from the coast, you can still be very vulnerable to severe damage from floods.
And the National Flood Insurance Programme, which is a federal programme, says that a good proportion of its claims always come from people outside flood zones.
So the message they're trying to get across is to everyone, please be aware of this risk, even if you're inland, even if you're outside a flood zone, people do need flood insurance.
Sadly, again, we're seeing this threat of various serious floodings.
The combination of the two hurricanes may potentially make insurers be even tougher in terms of the restrictions they impose.
Again, there's going to be concerns around this pandemic.
Terrible shortfall between the number of people at risk of flooding and the number of people who have separate flood insurance.
So probably we'll see calls to reform that, maybe to make flood insurance mandatory for more people.
Climate driven change combined with inflation combined with more people living in harm's way are all combining to send catastrophe losses to levels we've never seen before.
WSJ Your Money Briefing · Investors Lose Millions From a Felon in a Strip Mall · 24 Jul 2018
podcast
Your Money Briefing
Money and Market Stories from The Wall Street Journal.
Yeah, the company is essentially controlled by someone who is a felon.
He got out of prison not that long ago.
And it's been run from, we found the address, links from mailbox at a UPS store in a strip mall in Nevada.
So they said they had a global footprint.
Showing 41–60 of 123 · page 3 of 7
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