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☆ 4 party entrepreneurs bought 'Beer Can Island' in Florida's Tampa Bay for $63,000. They're now selling it for $14 million.
▼ + stars: | 2024-03-23 | by ( Cameron Manley | ) www.businessinsider.com time to read: +5 min

'Beer Can Island' in Florida's Tampa Bay has been listed for sale at $14.2 million. AdvertisementA party venue with a difference in Florida's Tampa Bay is up for sale for $14.2 million. Pine Key is an island in the middle of Tampa Bay, created by a state dredging project. Others weren't so keen on the friends' business planWhile many enjoyed the friends' decision to pimp out the island, some were less sure. Last year, it was submerged under five feet of water during Hurricane Idalia, the Tampa Bay Times reported.

Persons: —, Russell Loomis, We've, we're, Loomis, It's, Cole Weaver, James Wester, John Gadd, They've, Weaver, Hurricane Idalia Organizations: Service, The Times, Times, Fox, Tampa Bay Times Locations: Florida's Tampa, London, Tampa Bay, Weaver, Hurricane

☆ What the SEC climate disclosure rule may mean for investors
▼ + stars: | 2024-03-04 | by ( Greg Iacurci | ) www.cnbc.com time to read: +5 min

Climate disclosures would be made in annual filings companies make to the SEC, such as a Form 10-K, and in registration statements filed before an initial public offering. "I think climate disclosures have largely become table stakes for the investment community," said Lindsey Stewart, director of investment stewardship research at Morningstar. Current climate disclosures are 'uncommon'Ships on the Panama Canal on August 21, 2023. Shipping experts fear such events could become the new normal as rainfall shortfalls highlight climate risks. The SEC proposal outlined three tiers of emissions disclosures: Scopes 1, 2 and 3.

Persons: Gary Gensler, Win Mcnamee, —, Lindsey Stewart, Daniel Gonzalez, Stewart, They'd, Rachel Curley, Hurricane Idalia, Christian Monterrosa, Cowen, Patrick McHenry, Sen, Tim Scott, Bill Huizenga, Chris Ratcliffe, They're Organizations: Securities, Exchange, Financial Services, General, Getty, The Securities, Exchange Commission, SEC, Morningstar, Panama Canal Authority, Shipping, Anadolu Agency, P Global, Corporations, U.S . Sustainable Investment, Hurricane, Bloomberg, Republicans, Economic, Deloitte Locations: Washington, Panama, U.S, Cedar Key , Florida, R

“This experimental graphic will help better convey wind hazard risk inland in addition to coastal wind hazards,” the center said in the post. Heavy rains and strong winds can be deadly and cause significant damage inland, which happened in 2022 with Hurricane Ian, when 149 people died in Florida. The goal of the expanded forecast cone is to make sure people who don't live along a coast are aware of the dangers they could still face, said Jamie Rhome, deputy director of the hurricane center. Ian produced between 10 and 20 inches (51 centimeters) of rain across much of central Florida, the hurricane center reported. Only Hurricane Idalia struck the U.S., coming ashore in the lightly-populated Big Bend region of Florida's Gulf Coast but also causing significant inland flooding.

Persons: Hurricane Ian, Jamie Rhome, ” Rhome, Ian, Ian slogged, Chad Jorgensen, Alberto, Idalia Organizations: National Hurricane Center, Hurricane, Fire, National Oceanic, Atmospheric Administration Locations: PETERSBURG, Fla, The Miami, Florida, Fort Myers, Orlando, Kissimmee, Daytona Beach, Florida’s, DeSoto County, U.S, Florida's Gulf

☆ US Launches Disaster Relief Reforms as Climate-Driven Events Rise
▼ + stars: | 2024-01-19 | by ( Jan. | At A.M. | ) www.usnews.com time to read: +2 min

WASHINGTON (Reuters) - U.S. President Joe Biden's administration on Friday said it was launching the most major reforms to disaster management relief in two decades as climate change-driven extreme weather events, such as floods and fires, increase. The Federal Emergency Management Agency (FEMA) reforms of its federal assistance policies and expanded benefits for disaster survivors aim to cut red tape that victims have said makes it difficult for them to access resources after a disaster. FEMA said the reforms follow feedback from disaster survivors. Previously, the payment was assessed on a disaster-to-disaster basis. FEMA said the changes will take effect for new disasters declared on, or after March 22, 2024.

Persons: Joe Biden's, ”, Deanne, Valerie Volcovici, Sharon Singleton Organizations: WASHINGTON, Federal Emergency Management Agency, FEMA, U.S, Small Business Administration Locations: U.S, Maui, California

☆ A critical climate goal may be ‘deader than a doornail,’ and scientists are bitterly divided over it
▼ + stars: | 2024-01-18 | by ( Laura Paddison | ) edition.cnn.com time to read: +10 min

“Anybody who understands the physics knows that.”Hansen’s words have heft — he is widely credited as the first scientist to publicly sound the alarm on climate change in the 1980s. Climate change is fueling storms in both the summer and winter. The year came within a whisker of breaching 1.5 degrees, according to data from the Copernicus Climate Change Service. “For all practical purposes we are only going to be looking at 1.5 degrees in the rearview mirror,” he said. Why 1.5 mattersFew scientists will dispute that the world faces a daunting path to limit warming to 1.5 degrees.

Persons: James Hansen, Lauren Owens Lambert, I’ve, Jim, ”, Michael Mann, Hansen, Friederike Otto, “, it’s, Niño, Hurricane Idalia, Joe Raedle, ” Otto, –, Storm Daniel, Karim Sahib, Bill McGuire, ” McGuire, Chris Smith, El Niño, Mann, Samantha Burgess, Copernicus, Otto said, ’ ” Smith, “ we’ve, McGuire, Otto Organizations: CNN, Getty, University of Pennsylvania, Imperial College London’s Grantham Institute, “, United, Hurricane, University College London, University of Leeds Locations: Hampton , New Hampshire, AFP, United States, Europe, Tarpon Springs , Florida, Paris, Libya's, Derna, kilter

☆ To Combat Climate Change, Builders Create Greener—and Tougher—Homes
▼ + stars: | 2023-12-01 | by ( Arian Campo-Flores | ) www.wsj.com time to read: 1 min

CORTEZ, Fla.— William Fulford ’s home in a new development here didn’t lose power when Hurricane Idalia struck Florida’s Gulf Coast in August, leading to many outages in the area. It also escaped with no damage or water intrusion. The trick to its survival: The $1.3 million home built last year to be energy efficient is also great at withstanding major storms.

Persons: — William Fulford ’, Hurricane Idalia Locations: CORTEZ, Fla, —, Florida’s Gulf Coast

FORT LAUDERDALE, Fla. (AP) — A busy hurricane season that saw the National Hurricane Center in Miami issue the first-ever tropical storm warning for the coast of California and hurricane warnings as far north as Nova Scotia is coming to a close Thursday night. “The 2023 hurricane season does show that we can get impacts just about everywhere," said Michael Brennan, director of the hurricane center. A year earlier, a strong storm surge during Hurricane Ian resulted in multiple deaths and significant destruction across southwest Florida. She said she's more than relieved hurricane season is ending. “So it's either hurricane season, or you're getting ready for the next hurricane season," he said.

Persons: —, Michael Brennan, Hurricane Lee, Hurricane Otis, ” Brennan, Brennan, Ian, Danielle DeLoach, Nicole, DeLoach, “, they’re, ” DeLoach, they'll, ___ Fischer Organizations: National Hurricane Center, Hurricane, Florida Gulf, U.S . East, Atmospheric Administration, Ocean Locations: FORT LAUDERDALE, Fla, Miami, California, Nova Scotia, Southern California, Florida, Florida Gulf Coast, U.S . East Coast, New England, Mexico, Acapulco, Atlantic, Gulf Coast of Florida, Florida's, Tropic Shores, Daytona Beach Shores

☆ Why Did Hurricane Otis Get So Deadly So Fast? America’s Top Expert Explains
▼ + stars: | 2023-11-05 | by ( Eric Niiler | ) www.wsj.com time to read: 1 min

This year’s Atlantic hurricane season has been above normal, with 20 named storms—three of which reached the U.S. In August, Tropical Storm Harold struck Texas with winds of around 45 mph, causing minor damage, and Hurricane Idalia battered northeast Florida’s Big Bend region with 125 mph winds, leaving four people dead. Tropical Storm Ophelia hit North Carolina with 70 mph winds in September before dissipating—although its remnants then dumped up to 8 inches of rain on New York City.

Persons: Harold, Ophelia Organizations: Tropical Locations: Texas, Big Bend, North Carolina, New York City

On Tuesday morning, few meteorologists were talking about Tropical Storm Otis. At that time, forecast computer models didn’t show much to be concerned about. By Sunday evening, the computer forecast models were still not showing much. This is why meteorologists often preach that a computer model isn’t a forecast — forecasters create forecasts, they like to say. On Monday evening, with Otis still a tropical storm, satellite images revealed a little feature that could mean that the storm was about to intensify very quickly.

Persons: Tropical Storm Otis, Otis, Zach Levitt, Tomer, we’re, Eric Blake, Hurricane Otis Organizations: Tropical Storm, National, U.S, National Hurricane Center, Otis, Hurricane Locations: Mexico, Tomer Burg, Florida, @burgwx, Acapulco

WASHINGTON (AP) — The White House is asking lawmakers for more than $23 billion in emergency funding to help the government respond to the tornadoes, wildfires, hurricanes and other natural disasters that have ripped through the U.S. this year. That request is part of a broader package being sent to Capitol Hill Wednesday that asks for additional investments in child care programs and broadband expansion. And that’s on top of the separate, nearly $106 billion request the Biden administration made last week for aid to Ukraine and Israel, as well as other national security priorities. About $2.8 billion is set aside for the Department of Housing and Urban Development to deal with housing needs arising from natural disasters, while another $2.8 billion is allocated for aid funneled through the Department of Agriculture to farmers and ranchers who have suffered from crop losses. The White House is also asking for money to repair damaged roads, help schools in disaster-hit areas and bolster loans for small businesses in such communities.

Persons: Biden, Joe Biden, ” Biden, Idalia Organizations: WASHINGTON, U.S, Capitol Hill, Federal Emergency Management Agency, FEMA, Department of Housing, Urban Development, Department of Agriculture Locations: Ukraine, Israel, Hawaii, Florida, California, Vermont, Fla

☆ Floridians are relocating to the center of the state to try to avoid hurricanes — and high insurance premiums
▼ + stars: | 2023-10-08 | by ( Dan Latu | ) www.businessinsider.com time to read: +5 min

AdvertisementAdvertisementSome Floridians are leaving their coastal homes due to the risk of extreme weather events and increasing insurance premiums —but they aren't going too far. They were happy to move far away from not only the risk of extreme weather events, but also the rising insurance premiums tied to coastal communities. Ocala, Florida John Coletti/Getty ImagesOf course, Ocala is not completely immune to hurricanes, as the Journal noted 2017's Hurricane Irma caused some power outages and flooding. Ocala, Florida Michael Warren/Getty ImagesThe average insurance premiums for Florida residents has tripled in the past five years, according to Insurance Information Institute data collected by the Journal. Danny Collins, who lives in Hobe Sound, Florida, just north of West Palm Beach, previously told Insider his mortgage jumped $1,000 under new insurance premiums.

Persons: —, Courtney Moody, Moody, it's, she's, Ocala , Florida John Coletti, Irma, Jo Anne, Ed Lewis, Bonita Springs . Ocala , Florida Michael Warren, Danny Collins, Bob Stephens Organizations: Ocala, Alpha, Service, Wall Street, Ocala Police Department, Getty, Florida, Insurance, Journal, Farmers Group, West Palm Beach, Dade Locations: Florida, South Florida, Ocala, Orlando, Sunshine, Miami, Ocala , Florida, Bonita Springs, Bonita Springs . Ocala , Florida, Hobe Sound, West Palm, Marathon . Ocala, Marion, Dade County, that's

☆ The rest of 2023 hurricane season in 'uncharted waters' because of El Niño, record ocean temperatures
▼ + stars: | 2023-10-03 | by ( Mary Gilbert | ) edition.cnn.com time to read: +4 min

CNN —Experts fear an already active hurricane season could come to an eventful and exceptional end as unusually warm, storm-boosting ocean temperatures and a slow-to-emerge El Niño combine. The first half of October is typically the final stretch of the busiest time of the Atlantic hurricane season. The battle between warm ocean water and the effect of El Niño has posed a forecasting challenge throughout this hurricane season, as one factor is seemingly negating the other. “Usually as we get into the back half of the hurricane season, El Niño tends to dominate, even if the Atlantic is warm. “Is El Niño at some point going to say, ‘Forget this, I’m in charge?’” Klotzbach said.

Persons: Phil Klotzbach, Hurricane Lee, Brian McNoldy, El Niño, Fischer, Klotzbach, we’ve, ” Michael Fischer, ” Fischer, Idalia, Lee –, El, ” Klotzbach, “, ” Organizations: CNN, Colorado State University, Atlantic, Hurricane, University of Miami Locations: Gulf of Mexico, Bahamas, Caribbean, Florida, Africa, Bermuda, East, El

☆ Climate change could impose 'substantial financial costs' on U.S. household finances, Treasury warns
▼ + stars: | 2023-10-02 | by ( Annie Nova | ) www.cnbc.com time to read: +2 min

Between 2018 and 2022, weather and climate disasters cost more than $617 billion, it found — a record. Transportation of food and goods may also be hit by climate events, leading to more delays and shortages on store shelves. "Food insecurity disproportionately impacts lower-income households, families led by single mothers, families with children, and households in Southern states." Climate events can also lead to increased medical expenses. The Treasury report notes that in one analysis from 2012, 10 climate events led to a total of $10 billion in health-related costs.

Persons: Makatla, Joe Raedle, Graham Steele Organizations: U.S . Department of, Treasury, Treasury Department Locations: Tarpon Springs , Florida, U.S, Louisiana, Southern

PORT WASHINGTON, Wis. (AP) — Five flamingos that showed up in Wisconsin to wade along a Lake Michigan beach attracted a big crowd of onlookers eager to see the unusual visitors venturing far from their usual tropical setting. The birds stood quietly 25 feet (7.6 meters) off Lake Michigan’s western shoreline as waves lapped against their thin legs. Wildlife biologists hypothesized that the flamingos were pushed north in late August by the strong winds of Hurricane Idalia, the Journal Sentinel reported. Debbie Gasper of Port Washington made the short trip to the lakefront with her husband, Mark. She said that before Friday the only flamingos she has seen have been on the couple’s trips to Aruba.

Persons: Mark Korducki, Jim Edelhuber, Ryan Brady, Idalia, Debbie Gasper, Mark, Gasper, “, ” Organizations: Wisconsin Society for Ornithology, Milwaukee Journal Sentinel, Wisconsin Department of Natural Resources ., Journal Sentinel Locations: PORT WASHINGTON, Wis, Wisconsin, Lake Michigan, Port Washington, Milwaukee, Lake, Waukesha, Indiana , Kentucky , Ohio, Pennsylvania, flamingo, Florida, Caribbean, South America, Aruba, Georgia

☆ Climate change is already costing us money, but we have a chance to limit the worst of it and prosper. Here's how.
▼ + stars: | 2023-09-21 | by ( Marianne Guenot | ) www.businessinsider.com time to read: +12 min

But to get there, we'll need to spend a lot of money up front and be real about the climate costs we're already paying — even if we don't always notice them. The full costs of extreme weather are often hiddenThe biggest fires, floods, and heat waves tend to draw headlines. But for years, the more subtle effects of extreme weather had gone pretty much unnoticed. This situation could be made worse by a looming financial "mega shock," which could arise as more people wake up to the reality of the climate crisis, Butler said. The Biden administration has already earmarked $52 billion to tackle the climate crisis for 2024.

Persons: —, Amir Jina, It's, Jina, Idalia, Joe Raedle, Creon Butler, Mario Tama, Butler, haven't, ANGELA WEISS, Hurricane Ian, Matias J, Biden, That's, We've, it's, Bulter Organizations: University of Chicago, Getty, Insurance, Miami Herald, Tribune, Service, UN, Intellectual, Organization Locations: Tarpon Springs , Florida, London, New York City, , Florida, Hurricane, Botswana, Denmark, Namibia

Decade to decade, costly extreme weather events are increasing in both frequency and intensity as greenhouse gases build up in our atmosphere. The true cost of extreme heatLois Nigrin grew up on a farm and loved getting outdoors. Her ordeal points to the rising cost of extreme heat, the leading weather-related killer in the US. The true cost of floodingBarb Grant has built her life's work around helping others. The true cost of inactionThere is more to this story than a set of ruinous tragedies.

Persons: Lois Nigrin, —, Yoon, Nigrin, Read, Dale Murden, who's, He's, he's, Murden, Jason Garza, Barb Grant, Grant, Miriam Alarcón Avila, She's Organizations: Center for American, Atlantic Council, The Texas Tribune, Administration, Texas, Citrus Committee, M, Pew Charitable Locations: heatstroke, Texas, Arizona, Nebraska, Harlingen , Texas, Mexico, Southeast Texas, Iowa

ST. PETERSBURG, Fla. (AP) — Florida agriculture losses from Hurricane Idalia are estimated at between $78 million and $371 million, with producers also suffering widespread damage to such infrastructure as irrigation rigs and fences, according to a preliminary report Thursday from the University of Florida. Predicted losses for livestock are pegged at between $30.1 million and $123.4 million, according to the University of Florida's Institute of Food and Agricultural Sciences report. Four people in Florida were killed during the hurricane, according to medical examiner reports to the Florida Department of Law Enforcement. Also Thursday, Agriculture Commissioner Wilton Simpson announced an assistance program targeted at repair or replacement of existing irrigation systems. Florida agriculture and related industries such as processing accounted for more than $270 billion in sales revenue and supported some 2 million jobs in 2022, the University of Florida estimated.

Persons: ”, Xiaohui Qiao, Christa Court, Wilton Simpson, Simpson Organizations: Hurricane, University of Florida, University of Florida's Institute of Food, Agricultural Sciences, Florida Department of Law, Resource Economics Department Locations: PETERSBURG, Fla, Florida, Bend, Dixie, Hamilton, Lafayette, Madison, Suwannee, Taylor, Gulf of Mexico, Georgia

☆ Biden to push for Ukraine aid, democracy as China and Russia skip UN General Assembly
▼ + stars: | 2023-09-18 | by ( Emma Kinery | ) www.cnbc.com time to read: +3 min

Saul Loeb | AFP | Getty ImagesPresident Joe Biden will address the United Nations General Assembly on Tuesday, where he plans to promote democracy and advocate for increased support for Ukraine. Lula has argued the U.S. and other Western nations are prolonging the war with their defense support. This will be the first time Ukrainian President Volodymyr Zelenskyy has attended the U.N. summit in person since the war began. A "substantial section" of Biden's speech to the General Assembly on Tuesday will be devoted to the war in Ukraine, Sullivan said. U.S. support for Ukraine

Persons: Lloyd Austin, Alejandro Mayorkas, Joe Biden, Saul Loeb, Biden, it's, Jake Sullivan, Luiz Inácio Lula da Silva, Lula, Benjamin Netanyahu, Volodymyr Zelenskyy, Sullivan Organizations: Defense, . Homeland, Hurricane, White, Washington , D.C, AFP, Getty, United Nations General Assembly, Ukraine, House, . Security, Global, Israeli, General, United Nations Charter Locations: Maui, Hawaii, Washington ,, France, United Kingdom, China, Russia, United States, Brazil, Ukraine, U.S, Kazakhstan, Kyrgyzstan, Tajikistan, Turkmenistan, Uzbekistan

☆ These little-known stocks can see an uptick in demand when hurricanes strike
▼ + stars: | 2023-09-15 | by ( Pia Singh | ) www.cnbc.com time to read: +4 min

But behind the scenes, there are a host of companies that benefit from the cleanup and rebuilding that follows natural disasters. This year's Atlantic hurricane season is running above average compared to prior years, with 14 storms, four hurricanes and three major hurricanes so far. As climate change feeds extreme weather, the number of billion-dollar disasters also increases, benefiting some companies and hurting others. In 2022, the U.S. experienced 18 weather and climate disasters which cost at least $1 billion each. The fluid engineering and chemical processing has gained 30% this year, has a median rating of overweight and a price target implying 10% further upside, according to FactSet.

Persons: Hurricane Lee, Andrew Chanin, Sterling, Chanin, FactSet . Organizations: Hurricane, Sterling Infrastructure, SNC, Lavalin, Morningstar, Bloomberg, Sulzer, Citigroup, Supply, Holdings Locations: New England, Canada, U.S, Houston, Canadian, United States, Swiss, FactSet . Great

☆ Hurricane Lee churns toward New England, eastern Canada
▼ + stars: | 2023-09-15 | by ( Brendan O'Brien | ) www.reuters.com time to read: +2 min

Sept 14 (Reuters) - Hurricane Lee barreled across the North Atlantic toward New England and Eastern Canada on Friday, threatening to bring drenching rains, powerful winds and a life-threatening storm surge to the region over the weekend. Lee is expected to weaken into a strong tropical storm before making landfall in southwestern Nova Scotia as a strong tropical storm late on Saturday, the Canadian Hurricane Center said. In Canada, more than 1 million people in Nova Scotia and eastern New Brunswick were also under a tropical storm warning as the massive storm crawls northward over the open waters of the Atlantic. Some spots, such as Cape Cod in Massachusetts and eastern Halifax County in Nova Scotia may see storm surge of up to 3 feet (91 cm), forecasters said. Lee is the latest storm in what is proving to be a busy hurricane season that has featured a higher-than-average number of named storms.

Persons: Lee, Michelle Wu, Hurricane Idalia, Idalia, Brendan O'Brien, Mark Porter Organizations: Canadian Hurricane Center, U.S, Boston, U.S . National Weather Service, NWS, Facebook, Hurricane, Thomson Locations: New England, Eastern Canada, Nova Scotia, Connecticut , Rhode Island , Massachusetts, New Hampshire, Maine, Canada, New Brunswick, Cape Cod, Massachusetts, Halifax County, Nantucket, Florida, Georgia, Chicago

☆ US Declares Public Health Emergency in Georgia After Hurricane Idalia
▼ + stars: | 2023-09-13 | by ( Sept. | At A.M. | ) www.usnews.com time to read: +1 min

(Reuters) - The U.S. Department of Health and Human Services (HHS) on Wednesday declared a public health emergency (PHE) for the state of Georgia to deal with the ramifications of Hurricane Idalia. The hurricane hit Florida's Gulf Coast in late August with fierce winds, torrential rains and pounding surf before turning to southeastern Georgia, where floodwater trapped some residents in their homes. With the PHE declaration, healthcare providers and suppliers will have greater flexibility in meeting emergency needs of people covered by the Medicare and Medicaid health plans, the HHS said. "We are working closely with state and local health authorities, as well as our partners across the federal government, and stand ready to provide additional public health and medical support," said health secretary Xavier Becerra. The declaration waives certain requirements such as physicians or other healthcare professionals needing to hold licenses in the state in which they provide services.

Persons: floodwater, Xavier Becerra, Christy Santhosh, Rahul Paswan, Krishna Chandra Eluri Organizations: Reuters, U.S . Department of Health, Human Services, Wednesday, HHS Locations: Georgia, Coast, Bengaluru

☆ A Record for Billion-Dollar Disasters Shows the Limits of America’s Defenses
▼ + stars: | 2023-09-12 | by ( Christopher Flavelle | More About Christopher Flavelle | ) www.nytimes.com time to read: +1 min

The United States has suffered 23 billion-dollar disasters so far in 2023, a record for this point in the year that highlights the country’s struggle to adapt to the effects of climate change. In one sense, the growing cost of disasters is unsurprising. The burning of fossil fuels is causing air and water temperatures to increase, which in turn makes it possible for hurricanes to become stronger, rainfall to become more intense and wildfires to spread faster. The NOAA data, which tracks the number of billion-dollar disasters in the United States, adjusted for inflation, shows a relatively steady upward march, from three such disasters in 1980 to 22 in 2020. The current year has already exceeded that record set in 2020.

Organizations: National Oceanic, Atmospheric Administration, NOAA Locations: States, Maui, Florida, Minnesota, United States

☆ 2023 severe weather: $57 billion in damage and 253 people dead so far
▼ + stars: | 2023-09-11 | by ( Spencer Kimball | ) www.cnbc.com time to read: +1 min

The nation has been hit by 23 such disasters so far in 2023, the highest number since the National Oceanic and Atmospheric Administration started keeping records in 1980. The previous record was set in 2020 with 22 separate disasters that each caused a billion or more dollars in damage. The 23 disasters this year have caused more than $57.6 billion in damage and killed at least 253 people, according to the NOAA report. The number of billion-dollar weather disasters has been increasing since 1980. In the most recent five years, there have been 18 such disasters annually on average, according to NOAA.

Persons: Idalia Organizations: U.S, Oceanic, Atmospheric Administration, NOAA Locations: Hawaii, Florida, West Maui, Big Bend

☆ Number of billion-dollar weather disasters in US blows through annual record with four months left in the year
▼ + stars: | 2023-09-11 | by ( Ella Nilsen | ) edition.cnn.com time to read: +15 min

This year’s billion-dollar disasters have caused 253 direct and indirect fatalities and have resulted in $57.6 billion in damage, NOAA data shows. Joe Raedle/Getty Images Ken Kruse looks out at floodwaters surrounding his apartment complex in Tarpon Springs, Florida, on August 30. Joe Raedle/Getty Images Florida's Fort Myers Beach is seen during high tide ahead of Hurricane Idalia on August 29. Eva Marie Uzcategui/Bloomberg/Getty Images Shelves are left empty at a Target store in Gainesville, Florida, on August 29. Sarah Salmonese sits where her apartment once stood in Lahaina, Hawaii, on Friday, August 11.

Persons: CNN — It’s, Idalia, Hilary, Rachel Cleetus, ” Cleetus, Cristobal Herrera, Shutterstock, Sean Rayford, Cheney Orr, Reuters Jewell Baggett, Ulashkevich, EFE, Thomas Simonetti, Jack Lemburg, Richard Burkhart, Douglas R, Clifford, Zuma Press Donnye Franklin, Joe Raedle, Rebecca Blackwell, Ron DeSantis, Savannah Alderman Nick Palumbo, Ken Kruse, Hurricane Idalia, Eva Marie Uzcategui, Christian Monterrosa, Stephen M, Dowell, Reagan Ortagus, Tyler, Bob Self, NOAA Ana Iris Aguiar, Alexandre Meneghini, Marco Bello, Adrees Latif, Samson, Victor Cassano's, Chris O'Meara, Yamil Lage, Sharon Walsh, Doug Engle, Christine Willis, Andrew West, Harvey, Irma, Maria, Adam Smith, Michael, Laura, Ida, Ian, ” Smith, Deanne Criswell, Sarah Salmonese, Go Nakamura, Ken Alba, Jae C, Yuki Iwamura, Patrick T, Fallon, Bryan Anselm, Mike Blake, Matthew A, Foster, Rick Bowmer, Lauren Haley, Makalea Ahhee, Justin Sullivan, Max Whittaker, Zoltan Balogh, Robert Gauthier, Mengshin Lin, Evelio Contreras, CNN Vixay Phonxaylinkham, Lana, Phonoxaylinkham, Marco Garcia, Claire Rush, Myrna Ah Hee, Sui, Ty O'Neil, Ku'u Kauanoe, ZUMA, Matthew Thayer, Criswell, It’s, ” Criswell, Cleetus, ” Organizations: CNN, National Oceanic, Atmospheric Administration, Idalia, NOAA, Tropical, Union of Concerned, “, Tampa Bay Times, ZUMA Press, Reuters, Press, Washington Post, Angels Episcopal Church, Savannah Morning, USA, Network Rescue, Zuma Press, AP Florida Gov, Savannah, Bloomberg, Getty, Duke, Orlando Sentinel, Florida Times, Union, AP, Reuters Pike Electric, Southwest Airlines, Tampa International Airport, Reuters Home Depot, Reuters Fort Myers, Federal Emergency Management, FEMA, Senate, Ukraine, New York Times, Staff, US Army National Guard, Maui Police, Facility, AP Volunteers, Grace Baptist, Volunteers, Los Angeles Times, Kahului Airport, Technologies, Kahului, AP Helicopters, Hawaii Army National Guard, Hawaii National Guard, Reuters Residents, ZUMA Passengers, Maui News Locations: United States, South, Midwest, California, Horseshoe Beach , Florida, Bend, Tampa, Horseshoe Beach, Perry , Florida, Keaton Beach , Florida, Madison , Florida, Steinhatchee , Florida, Samarra, St, Savannah , Georgia, Savannah, Steinhatchee, Crystal River , Florida, Perry, Crystal, Tarpon Springs , Florida, Mayo , Florida, Tarpon Springs, Myers, Hurricane, Gainesville , Florida, Sumterville , Florida, Johns County , Florida, Florida, NOAA, La Coloma, Cuba, Clearwater , Florida, Playa Majana, Suwannee , Florida, Batabanó, AFP, Guanimar, Ocala , Florida, USA, Reuters Fort Myers Beach, Gulf, Lahaina , Hawaii, Lahaina, Hawaii, Maui, Wahikuli, Wailuku, Kula , Hawaii, Kula, Kihei, West Maui, Grace, Napili, Honokowai, Honolulu, Maalaea, Kahului, Las Vegas, Church, Lahaina Hongwanji

☆ Flood insurance swamps US government
▼ + stars: | 2023-09-11 | by ( Ben Winck | ) www.reuters.com time to read: +4 min

REUTERS/Evelyn Hockstein Acquire Licensing RightsWASHINGTON, Sept 11 (Reuters Breakingviews) - The U.S. government’s flood coverage could soon find itself financially underwater. The National Flood Insurance Program, which covers nearly 5 million properties, needs to be reauthorized by Congress by the end of the month to avoid a housing crunch. A FEMA report seen by the Associated Press estimated another 1 million fewer Americans will buy flood insurance by the end of the decade, further starving the program of much-needed funds. The program’s flood fund lost nearly $1.9 billion in fiscal 2022, up from a $236 million loss the year prior. Follow @BenWinck on XCONTEXT NEWSCongressional authorization for the U.S. National Flood Insurance Program is set to lapse on Sept. 30 if lawmakers don’t approve a new extension.

Persons: Joe Biden, Jill Biden, Evelyn Hockstein, Hurricane Lee, Lee, Lauren Silva Laughlin, Sharon Lam, Aditya Sriwatsav Organizations: REUTERS, Rights, Reuters, Flood Insurance, National Association of Realtors, FEMA, Associated Press, National Oceanic, Atmospheric Association, U.S, National Flood Insurance, Federal Emergency Management Agency, National Hurricane Center, Thomson Locations: Oak, Florida, U.S, United States, Singapore, East Coast

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