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Floods, earthquakes, tsnumai, "Bad news for Insurance companies" Good news for Builders/Construction/Materials

Disasters are terrible for human life loss , property loss, and Insurance profit losses but great news for Builders/Construction/Material Sectors.

The flooding in the Northeast is getting as bad if not worse than the great Northeast flooding of early 1980's.

Entire portions of North Jersey are under water, an insurance claims nightmare.

This is from my personal drive around in North Jersey this morning to get to my office, which took me 3 hours. Normal drive is 35 minutes.

Other areas of the northeast probably in same situation.

Then we have Japan earthquake and Tsunami.

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Bad things are good for the Economy:

Many people see disasters and think oh god where will the money come from to fix it all up? Well many buildings and infrastructure are insured against disasters.

Yes Insurance companies will take a hit but they make it up with major profits from areas not hit by disasters for 20 to 50 years at a time while still charging hefty premiums..

Disasters are always good for the economy: especially for construction / material business as well as for heavy equipment use or purchase and for purchases to replace household goods like clothing, appliances, TV's, furniture, boilers, furnaces, etc etc..


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