· US flood risk is firmly under the spotlight as re/insurers, businesses and public officials come to terms with the devastating impact of hurricanes Harvey and irma. executive summary There are plenty of lessons property/casualty insurance carriers can learn from Hurricanes Harvey and Irma and the claims aftermath of both.
With losses from Hurricane Harvey estimated to cost as much as a record $180 billion, and the deadly Hurricane Irma expected to ravage South Florida by early Sunday, this year’s storm season.
Taking all this into account, a reasonable estimate of the combined effect of hurricanes Harvey and Irma on September’s employment data is roughly -100,000 jobs, which swamps the typical.
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Even as the damage from Hurricanes Harvey and Irma is still being tallied, a preliminary assessment released last week by Black Knight Financial Services estimated that as many as 300,000 borrowers in the vicinity of Houston could become delinquent on their loans and 160,000 could become seriously delinquent, or more than 90 days past due.
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You can read the latest CoreLogic Loan Performance Insights Report in full by clicking here. CoreLogic Foreclosure hurricane harvey Hurricane Irma Hurricane Maria Loan Performance Insights Report.
· Sherwin-Williams’ SHW, +1.13% third-quarter revenue will be slashed by $50 million to $70 million because of the impact of Hurricanes Harvey, Irma and Maria. New third-quarter EPS guidance in.
Given the timing of the hurricanes and based on observations from previous hurricanes, the worst of the impact from Hurricanes Harvey and Irma was predicted to come in September. Now almost two months after Hurricane Harvey, Black Knight’s "first look" report at the September 2017 mortgage data provides initial numbers on the impact of the hurricanes.
HURRICANE HARVEY ECONOMIC IMPACT ANALYSIS | SEPTEMBER 2017 | ©FIRST DATA CORPORATION. ALL RIGHTS RESERVED Key Takeaways In Houston, Hurricane Harvey created a -30% decline in overall spending Year over Year for the days it wrecked havoc. Sales eroded by -42.5% during the week of the storm when compared to the week prior.
· After Irma and Harvey, experts disagree on role of climate change in major storms. seen by critics as the latest instance of the Trump. around climate change’s impact in causing hurricanes.