Business Services Industry
Freeze on new insurance policies may snarl home closings along Texas' coast.
Knight Ridder/Tribune Business News, September, 2004
By Purva Patel, Houston Chronicle Knight Ridder/Tribune Business News
Sep. 14--Hurricane Ivan will likely delay some people from closing on their homes along the Texas coast during the next few days, even though the storm isn't expected -- so far -- to land in the state.
That's because most insurers, including State Farm, Allstate and Farmers, stopped selling new policies in the area Monday morning after Ivan passed 80 degrees west longitude and 20 degrees north latitude, near the Yucatan peninsula. When storms cross those imaginary lines, entering the Gulf of Mexico, most insurers see writing new business as too risky.
"It doesn't blow things out of the water, but it does slow things down," said Mike Murphey, senior vice president of...
Most Recent Business Articles
- Multiple criteria evaluation and optimization of transportation systems
- Multi-criteria analysis procedure for sustainable mobility evaluation in urban areas
- A two-leveled multi-objective symbiotic evolutionary algorithm for the hub and spoke location problem
- Multi-criteria analysis for evaluating the impacts of intelligent speed adaptation
- The development of Taiwan arterial traffic-adaptive signal control system and its field test: a Taiwan experience
Most Recent Business Publications
Most Popular Business Articles
- 7 tips for effective listening: productive listening does not occur naturally. It requires hard work and practice - Back To Basics - effective listening is a crucial skill for internal auditors
- FAS 109: a primer for non-accountants - Financial Accounting Standards Board's "Statement 109: Accounting for Income Taxes"
- Design a commission plan that drives sales - Sales Commissions
- Too Young to Rent a Car? - 25-years-old the minimum age for car renting - Brief Article
- LIFO vs. FIFO: a return to the basics
