In simple terms, a company does not buy "flood insurance" as you stated. They buy insurance for damages based on whatever the policy covers. The information about what is covered by their insurance is not public, nor should it be. The fact that it has yet to be settled, and has not been summarily dismissed, means they have some merit to their claim.
Do you plan on being around during the next leg up Jagman or are you going to be MIA again?
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.