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Is FedEx Prepared?
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<blockquote data-quote="bacha29" data-source="post: 3053946" data-attributes="member: 58386"><p>Insurers will decide that question. State Farm pulled out of some the hurricane areas prone of Florida a few years back. No one is stopping someone from rebuilding on the edge of coastal waters but it might become harder to find an insurer to write a policy for them. As for Houston the powers that be will have to decide if rebuilding in the same areas is worth the risk of FEMA not coming in and rebuilding the city if it gets blown away again by a hurricane. Right now FEMA is saying that it has 3.3 billion in reserve but that is a small fraction of what is believed will be needed. Reports coming the from auto insurance industry today estimate the loss just from all the destroyed cars to approach 5 billion dollars. Not to mention 53 school buildings heavily damaged with 22 of them totally destroyed.</p></blockquote><p></p>
[QUOTE="bacha29, post: 3053946, member: 58386"] Insurers will decide that question. State Farm pulled out of some the hurricane areas prone of Florida a few years back. No one is stopping someone from rebuilding on the edge of coastal waters but it might become harder to find an insurer to write a policy for them. As for Houston the powers that be will have to decide if rebuilding in the same areas is worth the risk of FEMA not coming in and rebuilding the city if it gets blown away again by a hurricane. Right now FEMA is saying that it has 3.3 billion in reserve but that is a small fraction of what is believed will be needed. Reports coming the from auto insurance industry today estimate the loss just from all the destroyed cars to approach 5 billion dollars. Not to mention 53 school buildings heavily damaged with 22 of them totally destroyed. [/QUOTE]
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