Day: October 11, 2008

What's next for the Insurance Industry?

I’m always impressed with how quickly Sop picks up clues and makes predictions that I read later in the news – and even more so now that his recent post Insurance taking a hit caught the eye of a reader who sent this related story.

Months after the stocks of big Wall Street financial firms first came under attack, insurance companies are now being battered, suggesting that a similar round of consolidation and recapitalization may be in store for that industry.

Insurance stocks have plunged more than 30 percent in the last five days, with Continue reading “What's next for the Insurance Industry?”

What’s next for the Insurance Industry?

I’m always impressed with how quickly Sop picks up clues and makes predictions that I read later in the news – and even more so now that his recent post Insurance taking a hit caught the eye of a reader who sent this related story.

Months after the stocks of big Wall Street financial firms first came under attack, insurance companies are now being battered, suggesting that a similar round of consolidation and recapitalization may be in store for that industry.

Insurance stocks have plunged more than 30 percent in the last five days, with Continue reading “What’s next for the Insurance Industry?”

Norbert – hurricane hits Mexico, Texas expects flooding

A hurricane named Norbert reminds us it’s still “the season” and that we need to keep an eye on west Texas – as well as a reminder to consider revising the list of hurricane names as Odile is next and now a tropical storm.

Norbert, a Category 2 storm with winds of up to 105 miles (165 kph), hit land near Puerto Charley on the southwest coast of Baja California, the U.S. National Hurricane Center said.

It was expected to sweep over a sparsely populated stretch of the peninsula, cross the Gulf of California and then make a second landfall Saturday night in northwestern Mexico’s mainland — likely as a hurricane, the U.S. National Hurricane Center said…

The storm’s remnants were expected to dump more rain on water-logged West Texas, where authorities were preparing for more flooding.

State and local officials plan to activate an emergency operations center Monday in Presidio, where an earthen levee is struggling to hold back the swollen Rio Grande. (emphasis added) Continue reading “Norbert – hurricane hits Mexico, Texas expects flooding”