Louisiana to receive $75M for alternate Hurricane Katrina housing
The News Review:
- Louisiana to receive $75M for alternate Hurricane Katrina housing
- BAE Systems wins 947 mln stg UK MoD tornado support contract
- Scoring with Hurricane fury: Miami guard McClinton a former Siena…
- Massachusetts insurance agents’ plan could create more hurricane…
- New mnitheater film depicts the destruction of Hurricane Katrina
- Sixteen families still homeless two weeks after tornado hit
- Sneak Preview: When Fear Is Healthy
Louisiana to receive $75M for alternate Hurricane Katrina housing
International Herald Tribune – Dec 22, 2006
9 million) in federal funds to pay for the construction of “Katrina cottages” that can be quickly built and are more spacious and durable than the trailers many residents have lived in since Hurricane Katrina Sen. Mary Landrieu said Thursday. The sum is far less than the state had sought though and Louisiana officials are accusing the Federal Emergency Management Agency of shortchanging the state after Sen. Trent Lott said his state Mississippi would receive $280 million (€212. 5 million) of the $400 million (€303.
BAE Systems wins 947 mln stg UK MoD tornado support contract
Forbes – Dec 22, 2006
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Scoring with Hurricane fury: Miami guard McClinton a former Siena…
Free with registration – Times Union – AccessMyLibrary.com – Dec 22, 2006
22–MIAMI — The call came late one Friday after 10 p. Jack McClinton put down his basketball dashed across the gym and grabbed his screaming cellphone. "Hello" he hu.
Massachusetts insurance agents’ plan could create more hurricane…
Free with registration – Cape Cod Times – AccessMyLibrary.com – Dec 22, 2006
22–The Massachusetts Association of Insurance Agents is working on a legislative proposal that could give Cape Cod homeowners a new twist on property insurance coverage available through the FAIR Plan. The proposal would call for creating a wind-only policy under the FAIR Plan the state’s property insurance of last resort according to Massachusetts Association of Insurance Agents President Frank Mancini. The move is designed to entice traditional insurance companies to write more policies on the Cape and Islands and elsewhere on the coast by getting them off the hook for hurricane losses. “What we believe this will result in is many of. CPYRIGHT 2006 Cape Cod Times.
New mnitheater film depicts the destruction of Hurricane Katrina
Minnesota Public Radio – Dec 22, 2006
The final product is very different from the filmmaker’s original plan. The IMAX team began shooting in Louisiana in early summer 2005 to show how a hurricane strike could wipe out the Louisiana bayou with devastating results for the city of New rleans. When Hurricane Katrina came roaring ashore on the morning of August 29 the film moved from speculation to horrifying realty.
Sixteen families still homeless two weeks after tornado hit
Daily Mail – Dec 22, 2006
But she added: “I am very happy with the progress that has beenmade so far. The insurance company has been great. Barry Ingham 51 and his partner Mari Sato 42 were awaitingbuilding insurance quotes when the 130mph tornado hit so were notcovered for the damage to their three-bedroom house. Windows were smashed a ceiling collapsed the roof was wreckedand garden fences were torn down. The cost of repairs has already hit £10000 and is likelyto rise. But the couple who have an 11-month-old son Jonathan are justglad none of them was injured in the storm. Mr Ingham a quantity surveyor said: “Now the repair work hasstarted we are just feeling relieved that we are all safe.
Sneak Preview: When Fear Is Healthy
TheStreet.com – TheStreet.com (subscription) – Dec 22, 2006
72 a share I was being both arrogant and incautious. I thought I’d spotted a great way to trade insurance companies. Every year during hurricane season the insurance companies would all get marked down. Lots of the hedge funds and mutual funds would sell these stocks in the fear that they would end up having to pay for a lot of hurricane damage. For the last few years the insurance companies would get sold down during this period in August and September and then right after hurricane season they would raise their premiums and bounce back even higher. The hurricanes wouldn’t do serious damage to the insurance companies because as I told people who were watching the insurance companies expected and budgeted for hurricanes. The selling by the big funds ahead of and during hurricane season was sheer panic — or at least that’s what I said — and panic gives you a chance to make money… For the last few years the insurance companies would get sold down during this period in August and September and then right after hurricane season they would raise their premiums and bounce back even higher. The hurricanes wouldn’t do serious damage to the insurance companies because as I told people who were watching the insurance companies expected and budgeted for hurricanes. The selling by the big funds ahead of and during hurricane season was sheer panic — or at least that’s what I said — and panic gives you a chance to make money. I said that all the talk of hurricanes and the worry about them was pure hype. If you wanted to make money you had to see through the hype. My pitch was that hurricane season would cause the big institutions to act irrationally and sell off and mark down great insurance companies like Montpelier and you’d have a chance to buy them on the cheap before they bounced back up. Let me give you a timeline of Montpelier’s implosion after I recommended that people buy it on any weakness.