Floods

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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Here are Wednesday’s live updates on Harvey, now a tropical storm. HOUSTON — Five days after the pummeling began — a time when big storms have usually blown through, the sun has come out, and evacuees have returned home — Tropical Storm Harvey refused to go away, battering southeast Texas…

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The flooding could get worse in Houston. The Army Corps of Engineers on Monday began releasing water from flood-control reservoirs, which is likely to worsen flooding in parts of Houston, Mayor Sylvester Turner said. The Buffalo Bayou, the major waterway flowing west to east through the heart of the city,…

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