Climate troublemaker La Niña isn’t here yet – but it is on the way, federal weather forecasters said in a report released Thursday morning.
Tag: flood damage
Flood Damage Raises Alarms About California’s Next ‘Disaster Insurance Gap’
Homes once prized for hillside views and apartment complexes on low-lying urban streets alike are increasingly under threat from severe flooding, mudslides and heavy winds.
California Storm Losses Estimated at More than $30 Billion
The flooding rains and heavy snows that killed at least 19 people in California have likely caused more than $30 billion in damages and economic losses.
Eastern KY Residents Sue Coal Companies, Alleging Negligence Made Flood Damage Worse
Nearly 60 residents of the Lost Creek community in Breathitt County are suing coal mining companies which operate nearby, alleging the companies’ negligence contributed to the devastation of historic flooding last month that caused death and the destruction of homes and personal property. The residents are suing Blackhawk Mining and Pine Beach mining companies, alleging… Continue reading Eastern KY Residents Sue Coal Companies, Alleging Negligence Made Flood Damage Worse
CoreLogic Estimates $16B to $24B in Insured and Uninsured Flood Losses in the Northeast from Tropical Storm Ida
CoreLogic, a leading global property information, analytics and data-enabled solutions provider, today released additional loss estimates for Hurricane Ida, following its initial release estimating between $27 billion and $40 billion in insured and uninsured losses from wind, storm surge and inland flooding in Louisiana and Mississippi. According to this new analysis, specifically for the U.S.… Continue reading CoreLogic Estimates $16B to $24B in Insured and Uninsured Flood Losses in the Northeast from Tropical Storm Ida
60% of Homeowners Lack Flood Insurance in High-Risk Zones
Where disasters are concerned, 2020 is destined to go down in history as the year of the coronavirus — but that doesn’t make the threat of seasonal weather events any less urgent. As flood season approaches, ValuePenguin analyzed flood insurance coverage statistics from the National Flood Insurance Program (NFIP) to find out which cities have… Continue reading 60% of Homeowners Lack Flood Insurance in High-Risk Zones
Protecting Floodplains Could Cut Flood Costs, Researchers Say
Buying flood-prone U.S. land and protecting it from development would be far cheaper than paying later for flood damage to homes and other structures built there, researchers said Monday. With floods one of the mostly costly disasters, and U.S. communities and farms facing record ones this year, protecting floodplains appears to be “hugely cost-effective”, said… Continue reading Protecting Floodplains Could Cut Flood Costs, Researchers Say
At Peak Storm Season, Texas Funding Remains Stressed
As people across the coastal United States prepare for peak hurricane season, the state of the insurance backstop protecting almost half of coastal Texas homeowners from wind damage is still in question. At an August meeting of the Texas Windstorm Insurance Association Board, a vote to begin the fiscal year without a 41.7% and 50%… Continue reading At Peak Storm Season, Texas Funding Remains Stressed
Early Estimate for Insured Damage from Florence: $2.5 Billion
One of the first estimates from a big risk modeler for Hurricane Florence damage is in. Karen Clark & Co. estimates $2.5 billion in insured damage for private-sector insurers. It includes privately insured wind, storm-surge and inland-flooding damage to residential, commercial and industrial properties and automobiles. The estimate doesn’t include damage that would be covered… Continue reading Early Estimate for Insured Damage from Florence: $2.5 Billion