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Vice President Kamala Harris criticized former President Donald Trump on Monday over false claims he has made talking about disaster relief for victims of Hurricane Helene. Harris told reporters that there's a lot of "disinformation being pushed out there by the former president about what is available, in particular to the survivors of Helene," from the Federal Emergency Management Agency. A Trump campaign spokesperson didn’t immediately respond to a request for comment Monday night. Trump last week amplified a false claim about FEMA's disaster funds, saying they were being distributed to migrants who entered the U.S. illegally. “It’s really a shame that we’re putting politics ahead of helping people, and that’s what we’re here to do,” Criswell said.

Persons: Kamala Harris, Donald Trump, Hurricane Helene, Harris, Helene, it’s, Trump, didn’t, “, ” Trump, Criswell, ” Criswell Organizations: Federal Emergency Management Agency, FEMA, Trump, U.S, NBC News, Customs, Protection, Department of Homeland Security, ABC News, Hurricane Locations: Hurricane, Saginaw , Michigan, Butler , Pennsylvania, Florida

☆ Rep. Edwards on Hurricane Helene aftermath: Still in a recovery mode to those that are missing
▼ + stars: | 2024-10-07 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailRep. Edwards on Hurricane Helene aftermath: Still in a recovery mode to those that are missingRep. Chuck Edwards (R-N.C.) joins 'Squawk Box' to discuss the aftermath of Hurricane Helene, FEMA's response to the disaster in North Carolina, how the public can help, and more.

Persons: Edwards, Hurricane Helene, Chuck Edwards, FEMA's Locations: Hurricane, North Carolina

☆ Mike Johnson won't commit to bringing House back before the election for more hurricane relief
▼ + stars: | 2024-10-07 | by ( Summer Concepcion | ) www.cnbc.com time to read: +4 min

House Speaker Mike Johnson on Sunday did not commit to calling Congress back into session before the election after President Joe Biden pressed congressional leaders about potential funding shortfalls in the aftermath of Hurricane Helene. The president noted that the White House requested more funding for the program as Congress prepared a short-term funding bill that passed last month to avert a government shutdown. Pressed on whether he would call Congress back into session before the election, Johnson replied, "We'll be back in session immediately after the election." Johnson's comments come after Biden said in remarks at the White House last week he expects to ask Congress for a supplemental funding request for areas affected by Hurricane Helene. "The American people are disgusted by this, up with it, and so are Republicans in Congress," he said.

Persons: Mike Johnson, Joe Biden, Hurricane Helene, Johnson, Alejandro Mayorkas, we'll, Biden, Karine Jean, Pierre, Kamala Harris, Mayorkas Organizations: Fox, Homeland, White House, Congress, Hurricane, Federal Emergency Management Agency, shouldn't, White, Biden, FEMA, Republicans Locations: Hurricane, Florida

☆ ‘Frankly ridiculous’: FEMA administrator slams Trump for boosting false Helene recovery claims
▼ + stars: | 2024-10-06 | by ( Rebecca Picciotto | ) www.cnbc.com time to read: +2 min

Administrator of the U.S. Federal Emergency Management Agency, Deanne Criswell, speaks during a press briefing at the White House in Washington, U.S., September 26, 2024. Federal Emergency Management Agency administrator Deanne Criswell on Sunday criticized former President Donald Trump for spreading false information about how the Biden administration allocated disaster relief funding for Hurricane Helene recovery. "It's frankly ridiculous and just plain false," Criswell said in an interview on ABC's "This Week." On FEMA's "Rumor Response" webpage, the agency specifically addressed the claim that FEMA disaster relief funding "was diverted to support international efforts or border related issues." The Department of Homeland Security and White House have issued their own statements fact-checking and condemning the false claims.

Persons: Deanne Criswell, Donald Trump, Biden, Helene, Criswell, Trump, Elon Musk, Kamala Harris Organizations: U.S . Federal Emergency Management Agency, White, Federal Emergency Management Agency, Sunday, FEMA, Department of Homeland Security, SpaceX Locations: Washington , U.S

Biden on Sunday called the storm damage "tragic" and said his administration was trying to determine the number of victims. Biden was briefed by Criswell and homeland security adviser Liz Sherwood-Randall on the hurricane's impacts in the states that were significantly affected: Florida, Georgia, North Carolina, South Carolina, Tennessee, Alabama and Virginia. Criswell was scheduled to visit North Carolina on Monday after she surveyed damage in Florida and Georgia over the weekend. Brian Kemp and North Carolina Gov. In addition to Kemp, Biden spoke to Asheville Mayor Esther Manheimer and South Carolina Gov.

Persons: Joe Biden, Hurricane Helene, ” Biden, Biden, Deanne Criswell, Liz Sherwood, Randall, Criswell, Donald Trump, Kamala Harris, Trump, Harris, ” Trump, “, ”, Brian Kemp, Roy Cooper, Kemp, we’re, Asheville Mayor Esther Manheimer, Henry McMaster Organizations: Emergency, Center, NBC, Sunday, Federal Emergency Management Agency, Criswell, FEMA, Georgia Gov, North Carolina Gov, Republican, Asheville Mayor, South Carolina Gov, Biden Locations: North Carolina, Hurricane, Raleigh, Asheville, Georgia, Florida, North, Buncombe County, South Carolina , Tennessee, Alabama, Virginia, Erie , Pennsylvania, Valdosta , Georgia, San Francisco, Washington

☆ Flood insurance likely doesn't cover storm damage in your basement
▼ + stars: | 2024-08-09 | by ( Greg Iacurci | ) www.cnbc.com time to read: +5 min

Homeowners and renters insurance policies do not cover flood damage, however. Most people who have flood insurance get it through the federal government, via FEMA's National Flood Insurance Program, experts said. On average, about 30% of U.S. homes in the highest-risk areas for flooding have flood insurance, according to the University of Pennsylvania's Wharton Risk Center. Private insurers also offer flood policies and may offer higher coverage than FEMA's policies, according to the Insurance Information Institute. What basement items are covered by flood insurance?

Persons: Debby, Joe Raedle, Storm Debby, Miguel J, Rodríguez Carrillo, Johnson, Jessica Rinaldi, Kochenburger, Anna Moneymaker, NFIP, Don Griffin, Peter Kochenburger Organizations: Getty, Federal Emergency Management Agency, Homeowners, Flood Insurance, FEMA, University of Pennsylvania's Wharton Risk, Insurance, Boston Globe, Consumers, Lincoln, Washington DC, American, Casualty Insurance Association, CNBC, Southern University Law, Census Locations: Cedar Key , Florida, Charleston , South Carolina, U.S, Vermont, Washington ,, Washington, freezers

☆ Here's why FEMA has spent about $4 billion to help destroy flood-prone homes
▼ + stars: | 2024-04-22 | by ( Lindsey Jacobson | In | ) www.cnbc.com time to read: +5 min

'I have no regrets'Andrea Jones accepted a floodplain buyout for her home in the Charlotte, North Carolina, area. CNBCAndrea Jones, 59, sold her home in the Charlotte, North Carolina, area in a floodplain buyout. On average, federal buyouts can take two to five years, though 80% of the FEMA acquisitions are approved in less than two years. Jones' buyout was delayed by the pandemic, but once she started the process up again in May 2022, things moved quickly. In addition to FEMA, the U.S. Department of Housing and Urban Development and many state and local communities fund floodplain buyouts.

Persons: Siders, Andrea Jones, CNBC Andrea Jones, Jones, Andrea Jones Jones, they're, Mathew Sanders, Sanders Organizations: Federal Emergency Management Agency, FEMA, University of Delaware's, Program, CNBC, Finance, Charitable, Congressional Research Service, U.S . Department of Housing, Urban Development Locations: Charlotte , North Carolina

☆ A flood insurance quirk makes basements a bad place to keep your stuff
▼ + stars: | 2024-02-20 | by ( Greg Iacurci | ) www.cnbc.com time to read: +7 min

The problem is: If your basement floods, your flood insurance policy likely won't cover damages to most — if any — of your belongings. What is flood insurance? To that point, 99% of U.S. counties have experienced a flood since 1998 — and more than 40% of flood insurance claims are from outside high-risk flood areas, according to FEMA. Most people who have flood insurance get it through the federal government, via FEMA's National Flood Insurance Program, experts said. Consumers concerned about flood risk and insurance coverage should consider not putting their stuff in a basement, if possible, Kochenburger said.

Persons: Johnson, Jessica Rinaldi, Peter Kochenburger, Eric Thayer, Kochenburger, NFIP, Don Griffin, it'd, Griffin, Policyholders Organizations: Boston Globe, Getty, Southern University Law Center, Insurance, FEMA, Federal Emergency Management Agency, Flood Insurance, Bloomberg, Consumers, American, Casualty Insurance Association, Census, Southern University Law Locations: Vermont, United States, U.S, Whittier , California, freezers

New rules announced Friday by the federal agency in charge of emergency management aim to simplify and speed up the process. With natural disasters now affecting more people across the United States, insurance markets in many states are buckling under the weight of payouts to those hit by wildfires and hurricanes. Previously, FEMA couldn't help them because their insurance payout already exceeded the agency's assistance cap of $42,500 per disaster. GETTING RID OF THE LOAN RULEUnder previous rules, disaster survivors first had to apply for a loan with the Small Business Administration and get rejected before they could apply for FEMA assistance. And FEMA is creating a new category of aid called displacement assistance, designed to help those who can't return to their home.

Persons: —, Deanne Criswell, Nature, ” Criswell, ”, Criswell, deductibles Organizations: WASHINGTON, Federal Emergency Management Agency, FEMA, Small Business Administration, SBA, https Locations: United States, Louisiana, Florida, California

Some are bouncing from hotel room to hotel room, in some cases to make way for the return of tourists who are crucial to the local economy. That’s trickier on Maui, an island of about 150,000 people that's a 30-minute plane ride from the nearest major city, Honolulu. She signed a lease on Wednesday, paying the first month's rent and a deposit using aid money and $2,000 from a cousin. Some landlords wanted as much as $8,000 to $10,000 a month, saying they could get that from tourists, Jachowski said. The agency has identified four sites — three in Lahaina and one in central Maui — near power, water and sewer infrastructure.

Persons: — Charles Nahale, Nahale, ” Nahale, Bob Fenton, ” Fenton, Gail McGovern, Josh Green, Tiffany Teruya, ”, Teruya, Matt Jachowski, Jachowski, —, Fenton, Richard Bissen, Roland Cazimero, Jennifer Sinco Kelleher Organizations: Federal Emergency Management Agency, FEMA, Red, Catholic Charities, Maui, Associated Locations: LAHAINA, Hawaii, Lahaina, U.S, Maui, Honolulu, Green

The Emergency Alert System is a national public warning system that's designed to allow the president to speak to the American people within 10 minutes during a national emergency via specific outlets such as radio and television. And Wireless Emergency Alerts are short messages — 360 characters or less — that go to mobile phones to alert their owner to important information. Wireless phone customers in the United States whose phones were on got a message saying: “THIS IS A TEST of the National Wireless Emergency Alert System. That messages said: “This is a nationwide test of the Emergency Alert System, issued by the Federal Emergency Management Agency, covering the United States from 14:20 to 14:50 hours ET. “But I’m glad to know the national alert system works.”The test also sparked discussion about how it could affect people in abusive situations.

Persons: Antwane Johnson, Johnson, he'd, who'd, ”, Jeremy Edwards, it's, ’, Karine Jean, Pierre said, Antony Blinken, ” Blinken, Matthew Lee, Seung Min Kim Organizations: WASHINGTON, Wireless, National Wireless, Emergency, Federal Emergency Management Agency, FEMA, White, University of Texas, Associated Press Locations: Tennessee, United States, naptimes, Austin, Ukraine, “, Washington

☆ Biden in Florida promises to rebuild, calls on Congress to provide more FEMA funding
▼ + stars: | 2023-09-02 | by ( Emma Kinery | ) www.cnbc.com time to read: +2 min

"No winds this strong hit this area in one hundred years," Biden said, speaking in Live Oak, Florida. Biden and first lady Jill Biden traveled to Florida on Saturday to survey the damage done by Hurricane Idalia and meet with locals and recovery personnel. The president said he's directed the Federal Emergency Management Agency (FEMA) to do "everything they can" to help rebuild. Speaking Saturday in Florida, Biden once again called on Congress to act. "These crises are affecting more and more Americans, and every American regularly expects FEMA to show up when they are needed," Biden said.

Persons: Joe Biden, Biden, Jill Biden, Hurricane Idalia, he's, Republicans —, Florida Governor Ron DeSantis, Jeremy Redfern, DeSantis, Redfern, Deanne Criswell, Hurricane Ian Organizations: Federal Emergency Management Agency, FEMA, United States Congress, Democrats, Republicans, Florida Governor, White, Republican, DeSantis, Hurricane Locations: Oak, Florida, Bend

CEDAR KEY, Fla. — As cleanup begins in the aftermath of Hurricane Idalia, the storm has served as a stark reminder that Florida's insurance industry remains in flux. But many of those homeowners face uncertainty amid the upheaval that has emerged in Florida's insurance industry in recent years. A thinning insurance market that is beset by more regular hurricanes has caused insurance policy costs to skyrocket. The state's insurance industry is preparing to lose four insurers since last year — Farmers Insurance, Bankers Insurance, Centauri Insurance and Lexington Insurance. Aggravating the problem, 82% of Floridians do not have flood insurance, which is typically operated by the National Flood Insurance Program, a federal program run by the Federal Emergency Management Agency.

Persons: Idalia, Chris Draghi, That's, Gregory Buck, Buck, Aimee Firestine, Firestine, Amy Bach, United, Bach, Mark Friedlander, Friedlander, Gabe Gutierrez, Phil McCausland, Melissa Chan Organizations: Insurance Information Institute, U.S, — Farmers Insurance, Bankers Insurance, Centauri Insurance, Lexington Insurance . Farmers Insurance, National, Experts Insurance, Homeowners, Insurance, Property Insurance Corp, National Flood Insurance, Federal Emergency Management Agency, Congress, First Street Foundation, FEMA, Cedar Key Locations: Fla, Florida's Big Bend, Florida, Georgia, Florida , Georgia, South Carolina, Cedar, America, Taylor County, Bend, New York City

☆ White House asks for additional $4 billion for FEMA after Hurricane Idalia, Maui fires
▼ + stars: | 2023-09-01 | by ( Emma Kinery | ) www.cnbc.com time to read: +1 min

WASHINGTON — The White House is requesting an additional $4 billion from Congress to bolster funding for the Federal Emergency Management Agency, which is down to its last $3.4 billion after a string of major disasters. Friday's request is in addition to a $12 billion ask last month for FEMA's disaster relief fund, part of an overall $40 billion stopgap funding ask. It also comes a day after the White House asked Congress to pass a continuing resolution to fund the government as budget negotiations continue. The White House said the additional funds are needed in the wake of fires in Hawaii and Louisiana, and flooding in Florida due to Hurricane Idalia and Vermont. Criswell told reporters Tuesday that FEMA is prioritizing the immediate needs of people impacted by the Maui fires, Idalia and disasters still to come, which means recovery efforts from past disasters are on the backburner.

Persons: Joe Biden, WASHINGTON —, White, Idalia, Deanne Criswell, Criswell Organizations: Federal Emergency Management Agency, FEMA, Coordination, Hurricane Idalia, WASHINGTON, White House Locations: Washington ,, Maui, Hawaii, Louisiana, Florida, Vermont

☆ FEMA is down to its last $3.4 billion as Maui wildfires, Hurricane Idalia slam U.S.
▼ + stars: | 2023-08-31 | by ( Spencer Kimball | ) www.cnbc.com time to read: +2 min

FEMA Administrator Deanne Criswell said this week that the U.S. disaster relief fund has a balance of $3.4 billion, which will be exhausted in the first half of September if Congress does not approve additional money. President Joe Biden called on Congress Thursday to pass $12 billion in additional funding for the disaster fund next month, at the latest, when hurricane season reaches its peak. We need this disaster relief request met and we need to do it in September — we can't wait," he added. With funds running low, FEMA is prioritizing the immediate needs of people impacted by the Maui wildfires, Hurricane Idalia that swept through Florida this week and other extreme weather events that may come, Criswell told reporters at the White House on Tuesday. Republican Sen. Marco Rubio of Florida said on Wednesday that Washington has known since June that FEMA's disaster fund was "woefully low."

Persons: Deanne Criswell, Joe Biden, Biden, Criswell, Republican Sen, Marco Rubio, " Rubio, Rubio Organizations: Federal Emergency Management Agency, FEMA, White, Republican, Washington, Fox News Locations: U.S, Florida, Washington ,, Maui

☆ Who Profits After Natural Disasters Like Hurricanes and Wildfires
▼ + stars: | 2023-08-31 | by ( Anthony Dimauro | ) www.businessinsider.com time to read: +13 min

After Hurricane Michael struck Florida in 2018, home sales rose significantly, allowing disaster investors to reap the rewards. This venture has the potential to be even more rewarding given the increasing frequency of natural disasters in the US. But federal disaster relief is painfully slow to respond and often doesn't cover most of the costs. And while moratoriums on damaged land sales aren't a long-term, legally tenable solution, there are ways state officials might be able to deter disaster investors. As the threat of natural disasters increases, so will disaster profiteers.

Persons: Josh Green, Ian, Hurricane Michael, Hurricane, Joe Raedle, Hurricane Maria, Congress —, Hurricane Sandy, it's, Anthony DiMauro Organizations: Nashville Metro Council, FEMA, Hurricane, Centers for Environmental, Federal Reserve's Survey, Consumer Finances, Emergency Managment Agency, Small Business Administration, Urban Institute, Office, Congress, of Housing, Urban, Bloomberg, Newsweek, L.A Locations: Hawaii, Maui, Hawaii's, Tennessee, Nashville, Florida, Wilsey, New Orleans, California, Puerto Rico, Lahaina, New York

☆ Highly trained dogs take on mission of finding Hawaii fire victims
▼ + stars: | 2023-08-16 | by ( Brad Brooks | ) www.reuters.com time to read: +4 min

Dogs that will work fire scenes are trained to detect burnt flesh - and can distinguish human remains from those of pets and other animals. Just as teaching hospitals to use cadavers to teach medical students, Cablk said, trainers use human flesh and blood to train dogs. Some countries don't allow human remains in such training, and in those places dogs are taught using animal remains, making rescues more difficult. Cadaver dogs are trained to associate the scent of human remains with a reward, typically a chew toy, Cablk said. "That's the dog's paycheck," Cablk said.

Persons: Dominick Del Vecchio, Mary Cablk, Cablk, Jeremy Greenberg, Greenberg, Brad Brooks, Donna Bryson, Stephen Coates Organizations: FEMA, Rescue, Task Force, Nevada Task Force, REUTERS, Acquire, Desert Research Institute, Federal Emergency Management, Thomson Locations: Nevada, Maui, Lahaina , Hawaii, U.S, California, , California, Longmont , Colorado

Smoke billows from flames near Lahaina as wildfires driven by high winds destroy a large part of the historic town of Lahaina, Hawaii, U.S. August 9, 2023. The database includes names collected from "missing persons" notices posted at shelters as well as information submitted by loved ones. About 46,000 people had flown out of Kahului Airport, Maui's main airport, between Wednesday and Saturday, according to the Hawaii Tourism Authority. "50% of our visitor economy still exists and is thriving in South Maui," the Maui Fresh Streatery food truck posted on Facebook. Bar chart shows visitor spending share of GDP to Maui and Hawaii which are much higher than that for the entire U.S.

Persons: Dustin Johnson, Handout, Josh Green, We've, Green, We're, Chris Loeffler, Deanne Criswell, Criswell, Jeremy Greenberg, Greenberg, Chris Young, Young, Basil Spring, Jorge Garcia, Mike Blake, Brendan O'Brien, Rich McKay, Andrew Hay, Brad Brooks, Sharon Bernstein, Doyinsola Oladipo, Dan Whitcomb, Joseph Ax, Daniel Trotta, Jonathan Oatis, Matthew Lewis Organizations: REUTERS, Monday, Reuters Graphics Reuters, Federal Emergency Management Agency, FEMA, Cross, Hawaiian Electric Industries, CNN, Kahului, Hawaii Tourism Authority, Reuters Graphics, Facebook, Thomson Locations: Lahaina, Lahaina , Hawaii, U.S, Hawaii, Maui, Minnesota, West Maui, Maui's, South Maui

☆ New Mexico rivers rage, fields dry after slow federal fire aid
▼ + stars: | 2023-05-02 | by ( Andrew Hay | ) www.reuters.com time to read: +5 min

REUTERS/Andrew HayACEQUIA DE LA SIERRA, New Mexico, May 2 (Reuters) - Rivers are roaring in northern New Mexico after a big snowpack. The problem is blocking water flowing from a 12,000-foot (3,660-meter) Sangre de Cristo mountain peak into the Mora Valley through earthen channels known as acequias. Sanchez, a mayordomo or water caretaker, had hoped to have Federal Emergency Management Agency (FEMA) funding to clear the ditches after the agency was given $3.95 billion to compensate communities for the 40-mile-long blaze. FEMA and other federal support has reached only a handful of the dozens of acequias that requested aid in November, said local irrigation leader Paula Garcia. "I don't think they're up to the job," said Roybal-Mack, a Mora Valley native.

☆ Florida Great Displacement: Climate Change Forces Residents to Leave State
▼ + stars: | 2023-02-21 | by ( Jake Bittle | ) www.businessinsider.com time to read: +14 min

The Keys are also the first flock of canaries in the coal mine of climate change. The hurricane made undeniable what previous floods had only suggested: that climate change will someday make life in the archipelago impossible to sustain. The decision to leave, on the other hand, which once signified surrender, now looks more like acceptance of the inevitable. It's this messiness that is reflected in the word "displacement": the migratory shifts caused by climate change are as chaotic as the weather events that cause them. This is an excerpt adapted from THE GREAT DISPLACEMENT: Climate Change and the Next American Migration by Jake Bittle.

☆ ‘I just want a home to go back to’: Months after a historic flood, relief remains elusive for some in Kentucky
▼ + stars: | 2022-12-23 | by ( Minyvonne Burke | Minyvonne Burke Is A Senior Breaking News Reporter For Nbc News. | ) www.nbcnews.com time to read: +7 min

Reducing the red tapeIn the weeks and months after the flood, FEMA received more than 16,700 applications for disaster assistance. More than 60% of Kentucky flood victims who applied for assistance have been approved, it said. To assist with the process of getting aid, FEMA said its specialists have contacted Kentucky flood survivors directly, requesting any missing information and scheduling inspections. Beshear’s office also sent $500 grants to residents who qualified for FEMA assistance. The checks were a part of more than $12.2 million donated to the Team Eastern Kentucky Flood Relief Fund.

☆ As climate change makes wildfires worse, FEMA faced with calls to change
▼ + stars: | 2022-12-19 | by ( Sharon Bernstein | ) www.reuters.com time to read: +6 min

Building at the bottom of a hill would keep the station from experiencing the worst fires, which tend to run uphill. But Mayor Chris Rogers says the Federal Emergency Management Agency (FEMA) denied funding in part due to rules designed to protect infrastructure harmed in storms from flood damage, saying the proposed new location was in a flood zone. Devastating fires in Santa Rosa and communities elsewhere in California led survivors to press for changes in the way the agency handles wildfires. In Santa Rosa, a midsized city about 55 miles north of San Francisco, the Tubbs Fire in 2017 raced through established suburban areas, jumping six lanes of highway, destroying homes. But without help from FEMA, it has taken a while to put together rebuilding resources, Rogers said.

☆ Future Florida homebuyers face increasing costs and greater exposure to natural disasters, which could devastate residents and the state's booming real estate market
▼ + stars: | 2022-11-17 | by ( Alcynna Lloyd | ) www.businessinsider.com time to read: +5 min

Data from Freddie Mac shows an increasing share of people are relocating to areas more prone to natural disasters. This is especially the case in Florida, a pandemic housing hotspot that has experienced severe flooding and storms. Sign up for our newsletter to get the latest on the culture & business of sustainability — delivered weekly to your inbox. Flordians are the most at risk to natural disastersIndeed, certain US housing markets — particularly cities in Florida — are more vulnerable to natural disasters than others. The organization anticipates that by April 2027, Florida's population will average 294,756 net new residents per year, averaging 808 each day.

☆ How Hurricane Sandy transformed the Jersey Shore into 'a playground for the rich'
▼ + stars: | 2022-11-09 | by ( Zoe Rosenberg | Dan Latu | ) www.businessinsider.com time to read: +17 min

Jersey Shore residents battled through a patchwork of programs to rebuild after Hurricane Sandy. Even 10 years after Hurricane Sandy, Barbara is still reminded daily of the mental and financial toll it took on her. Courtesy of BarbaraThe bureaucratic red tape around flood insurance and rebuild programs linked to Hurricane Sandy deepened the divide between the haves and have-nots of the Jersey Shore. Milliman, an actuarial company that works with FEMA's National Flood Insurance Program, found that about 47% of coastal dwellers had flood insurance, The Inquirer reported. "After Sandy, there was a lot more money coming in," Mery, who has built Jersey Shore homes for 15 years, told Insider.

☆ Beware, Florida homeowners. The worst is yet to come.
▼ + stars: | 2022-10-06 | by ( Dan Latu | James Rodriguez | ) www.businessinsider.com time to read: +10 min

They were paying $750 a month for the lot in a mobile-home park and couldn't fathom paying $7,200 a year for homeowners insurance, let alone additional protections for floods. (Flood insurance costs an average of more than $600 a year in Florida and can stretch even higher in high-risk areas.) But just 57% of those homes are covered by flood insurance, a Bank of America analysis of data from CoreLogic and the National Flood Insurance Program found. Some owners may not even know that they need a separate insurance policy for flooding, assuming it's covered by their homeowners insurance. Roughly a dozen firms that provide homeowners insurance in Florida have gone under in the past two years, The Washington Post reported.

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