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Here's your money briefing for Wednesday, October 9th.

I'm J. R. Whelan for the Wall Street Journal.

As Florida braces for Hurricane Milton, damage assessment and cleanup from Hurricane Helene

continues. Some homeowners filing insurance claims or discovering the payout will be considerably less than what they were expecting.

We've seen with previous big hurricanes a lot of litigation, a lot of disputes from homeowners claims,

and the indications from the early claims that have been

decided on Helene is that a lot of getting closed of that payment so that

means unfortunately people are walking away empty-handed. We'll talk to Wall Street Journal Insurance Industry reporter Gene Eaglesham, after the break. exchanges, the Goldman Sachs podcast featuring exchanges on rates, inflation, and U.S. recession risk.

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Listen now. Some homeowners who were hit by Hurricane Helene are finding that not all damages to their property will be covered by their insurance policy.

Wall Street Journal reporter Jean Eggelsen joins me.

Jean, why would the amount of coverage in someone's policy be different than what they expect?

Well, one big reason is perils that are excluded, so the typical homeowner's policy won't cover a lot of flooding damage.

Another thing is that in recent years we've seen home insurers restrict the coverage they get,

that's in response to

...