Wall Street Set To Open Higher
BRUSSELS/FRANKFURT/PARIS (dpa-AFX) - State Investor Confidence Index for May and Survey of Business Uncertainty for May might be the focus on Wednesday.
Since there is a slight decline in global coronavirus, investors are closely monitoring the vaccination progress. As per the World Health Organization s, there was a 14 percent drop in coronavirus cases.
Asian shares finished mostly up, while European shares are trading broadly up.
Initial cues from the U.S. Futures Index suggest that Wall Street might open higher.
As of 7.30 am ET, the Dow futures were adding 82.00 points, the S&P 500 futures were progressing 14.00 points and the Nasdaq 100 futures were adding 58.00 points.
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It Doesn’t Take a Hurricane to Cause a Flood
Flooding is the costliest and the most common natural disaster to significantly impact communities across the United States, The PEW Charitable Trust notes in its reporting on flood-prepared communities. Flood events have accounted for more than $850 billion in damage and losses in the U.S. since 2000, the global nonprofit, nongovernmental organization points out.
It doesn’t take a hurricane to create a flood event. After all, just one inch of water in a structure can cause up to $25,000 of damage, according to FEMA. But the run-up to the Atlantic hurricane season is nevertheless a good time to consider flood insurance. This year it is especially important for risk professionals to talk to their clients about flood insurance, in part because of FEMA’s roll out this year of a new rating system for the National Flood Insurance Program (NFIP), Risk Rating 2.0, and because of the growing market for private flood insurance.
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“There are other insurance-related things you can do to protect yourself in the event of a storm,” said Commissioner Chaney. “Don’t forget to review your insurance coverage and make sure you are familiar with your policies. If you have questions, contact your insurance agent or insurer.”
Flood damage is generally not covered by a standard homeowners or renter’s insurance policy. If you don’t have flood insurance and are considering purchasing a policy, there is a 30-day waiting period if you buy through the National Flood Insurance Program (NFIP).