The Trump administration is sitting on billions of dollars intended to help vulnerable cities and states prepare for extreme weather, prompting growing criticism from state officials worried about the next storm season. In February, following a string of severe natural disasters in 2017, Congress provided a record $16 billion for disaster mitigation — building better… Continue reading Trump Administration Delays Billions Allocated for Storm Protection
Tag: hurricane cat losses
Nearly 700,000 Properties Damaged in Wake of Hurricane Florence
Hurricane Florence’s flooding and wind destruction affected about 700,000 residential and commercial properties across North Carolina, South Carolina and Virginia, according to CoreLogic’s latest estimates. While the mortgage delinquency rate fell to a 12-year low this week, that number will be on the rise in the coming months due to Florence and the impact of… Continue reading Nearly 700,000 Properties Damaged in Wake of Hurricane Florence