Flood damage is not covered by homeowners or renters insurance policies, and most of those affected lived in areas outside of coastal floodplains, making flood insurance an afterthought.
Business
Local, state and national business news from the Kennebec Journal and Morning Sentinel.
Posted inBusiness, Maine, Nation & World
Maine jobless claims hold steady as U.S. claims tick up from near a pandemic low
In Maine, initial claims remained at 700 from the prior week, while new U.S. claims rose by 16,000 to 351,000.
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Posted inBusiness, Nation & World
A vaccine mandate for domestic flights isn’t ‘off the table’
Such a requirement has led aviation-related stakeholders to complain that the logistical hurdles would be challenging at best and a nightmare at worst.
Posted inBusiness
Stocks hold their gains after Federal Reserve statement
Wall Street has been trying to gauge how the slowdown in the economic recovery will affect the central bank’s decision-making process.
Posted inBusiness, Nation & World
United Airlines says 97% of U.S. employees have been vaccinated
The airline said it will start termination proceedings as soon as next Tuesday against those who are unvaccinated and have not received exemptions.
Posted inBusiness, Nation & World
Apple, Google raise new concerns by yanking Russian app
The app, called Smart Voting, was a tool for organizing opposition to Russia President Vladimir Putin ahead of elections held last weekend.
Posted inBusiness, Nation & World
Company hopes to go mainstream with reusable packaging
In all, Loop says, 191 stores and restaurants worldwide will be selling products in reusable containers by the first quarter of 2022, up from just a dozen stores in Paris at the end of 2020.
Posted inBusiness, Maine, News
Maine home prices up 15% in August as sales volume eases
The Maine Association of Realtors’ president said last month’s numbers suggest the state’s real estate market might be stabilizing.
Posted inBusiness, Nation & World
Fed on track to slow support for economy in November, chairman says
Meanwhile, the central bank’s policymaking committee indicates that it expects to start raising its benchmark interest rate sometime next year
Posted inBusiness, Nation & World
Existing U.S. home sales fell in August; price growth slows
It’s the latest sign the housing market is cooling as intense competition leaves many would-be buyers on the sidelines.