Disasters and Emergencies

That’s what happens when there’s a monopoly, said Mr. Poulton, the Lloyd’s underwriter. Over the years, he said, he has noticed that his customers are buying Lloyd’s earthquake insurance because it includes flood coverage. They do not like the government’s flood insurance because payouts are capped at $250,000 and have…

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Photo Many residents in South Florida began to evacuate Wednesday ahead of Hurricane Irma, which is expected by the weekend. Credit Al Diaz/Miami Herald, via Associated Press MIAMI — Survivors of Hurricane Andrew — a Category 5 storm that decimated cities south of Miami — talk of pre-Andrew and post-Andrew…

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