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☆ A majority of North Carolina homeowners didn't have flood insurance. Then Helene hit.
▼ + stars: | 2024-10-04 | by ( Grace Eliza Goodwin | ) www.businessinsider.com time to read: +7 min

Heavy rains from Hurricane Helene caused flooding across western North Carolina, like here in Asheville. Melissa Sue Gerrits/Getty ImagesBut only about 2.6% of the 4.3 million properties across the state — or around 115,000 properties — had flood insurance as of June 2024, according to private provider Neptune Flood Insurance, which analyzed data from the government-backed National Flood Insurance Program. North Carolina Department of Insurance communications director Jason Tyson estimated that about 139,000 properties in the state have flood insurance through the NFIP. Part of the problem with flood insurance is a common misconception that regular home insurance covers flooding, which is rarely the case, four experts knowledgable about flood insurance and disaster management told Business Insider. "We don't think of western North Carolina and the Appalachian mountains as an area that has significant flood risk."

Persons: Hurricane Helene, Melissa Sue Gerrits, Neptune, Jason Tyson, Sue Gerrits, Trevor Burgess, Jeffrey Schlegelmilch, Schlegelmilch, Margaret Walls, they're, there's, It's, it's, Helene, Jeremy Porter, Burgess, Yanjun Liao, Liao Organizations: Service, North, Climate Office, Neptune Flood Insurance, Flood Insurance, North Carolina Department of Insurance, The North, Information Center, Business, Getty, National Center for Disaster Preparedness, Columbia Climate School, FEMA, Associated Press, Resources Locations: Hurricane, North Carolina, Asheville, —, The, The North Carolina, Black Mountain , North Carolina, State, North, Florida , Louisiana, Texas, Asheville , North Carolina

☆ Helene’s survivors shoulder catastrophic loss and destruction after storm leaves at least 213 dead
▼ + stars: | 2024-10-04 | by ( Elizabeth Wolfe | ) edition.cnn.com time to read: +10 min

Community volunteers carry gas at a relief area and community coordination center in Bills Creek, North Carolina, on Thursday. Melissa Sue Gerrits/Getty ImagesMen remove items from a fine arts business in Marshall, North Carolina, on Thursday. Melissa Sue Gerrits/Getty ImagesA volunteer helps clean out a flooded crawlspace under a home impacted by Hurricane Helene in Cruso, North Carolina, on Thursday. In North Carolina, guard members have been dropping in supplies from the air and airlifting people and pets to safety. President Joe Biden visits an area affected by Hurricane Helene in Keaton Beach, Florida, on Thursday.

Persons: Helene, Joe Dancy, CNN’s Laura Coates, ” Helene, Allison Joyce, Polly Trottenberg, Frank Matranga, ” Matranga, Melissa Sue Gerrits, Hurricane Helene, Jonathan Drake, Helene ., Jaclyn Rothenberg, we’re, Alejandro Mayorkas, Matranga, Joe Biden, ” Biden, Mandel Ngan, Joe Biden's, Tom Brenner, Eddie Hunnell, Hunnell, Phil Worth, Leslie, couldn’t, Phil, “, ” Hunnell, ”, Leslie Worth, “ Leslie, “ I‘d, CNN Hunnell, CNN’s Kayla Tausche, Sam Fossum, Haley Talbot, Sara Smart, Emma Tucker, Andy Rose, Steve Almasy Organizations: CNN, Hurricane, Community, Getty, US Transportation Department, Reuters Cell, National Guard, FEMA, Homeland, Reuters Local, Small, Republicans, SBA Locations: Virginia, Carolina’s Buncombe County, Asheville, tatters, Swannanoa , North Carolina, United States, North Carolina, South Carolina, Georgia, Florida, Tennessee, Bills, , North Carolina, AFP, Marshall , North Carolina, Cruso , North Carolina, Hurricane, Keaton Beach , Florida, Grassy Creek , North Carolina, Worth

☆ A week after Helene struck the Southeast, power outages and impassable roads stymie recovery as death toll reaches 200
▼ + stars: | 2024-10-03 | by ( Steve Almasy | ) edition.cnn.com time to read: +19 min

In some Georgia counties and one in North Carolina, utilities say more than 90% of their customers are still in the dark. Friends help Sam Soughail, third from left, clear out his Casablanca Cigar Bar in Asheville, North Carolina, on Tuesday, October 1. Mike Stewart/AP Emily Ogburn, right, hugs her friend Cody Klein after he brought her a meal in Swannanoa, North Carolina, on Wednesday. Joe Raedle/Getty Images Hurricane Helene is seen in a satellite photo Thursday afternoon. Marco Bello/Reuters In pictures: Hurricane Helene unleashes its fury Prev NextHundreds of roads remain closed, hampering efforts to send aid to hard-hit communities.

Persons: Helene, ”, Sam Soughail, Melissa Sue Gerrits, Mike Stewart, Jonathan Drake, Emily Ogburn, Cody Klein, Van Hutchins, Dennis Rector, Josh Morgan, Hurricane Helene, Andy Brown, Jeffrey Collins, Len Frisbee, Jeff Roberson, Christian Monterrosa, Ashley Dillinger, Marco Bello, Reuters Linda Bandy, Carissa Sheehan, Kathy Kmonicek, Janice Whitley, Terry Wilson, Sean Rayford, Melinda, Kathleen Flynn, Paul Hennessy, Gerald Herbert, Elmira Glover, Joe Raedle, John Falchetto, Cassandra Randall, Jessica Downey, Greg Lovett, Hailey Morgan, Phelan M, Megan Varner, Sarah Cribbins, Michael, Luis Santana, Miguel J, Rodriguez Carrillo, Richard Burkhart, Mike Carlson, Candice Ocvil, Jibri Tolen, Erik S, Cristobal Herrera, Candace Redwine, Guy Ford, George G, Tapper, Ricardo Arduengo, Joe Burbank, Carol Poulson, Andrew West, Cynthia Centeno, Reuters Charles Starling, Stephen M, Dowell, Chandan Khanna, Thomas Simonetti, Pete Beach, Ramon Espinosa, Paola Chiomante, it’s, “, Patrick Fitzsimmons, Joe Biden, Biden, Kamala Harris, Katie Button’s, Button, José Andrés, “ We’re, ” Button, ” ‘ We’ve, Robert Gaudet, We’ve, Helene Media, Hurricane, ” Gaudet, ” Starlink, Deanne Criswell, CNN’s Jim Acosta, Criswell, ” Criswell Organizations: CNN, Hurricane, Duke Energy, Georgia county, Getty, Homes, AP, Reuters, & Sons Department, USA, AP Local, New York Times, Town, Anadolu, Workers, North Carolina Department of Transportation, . North Carolina Department of Transportation, Tampa Bay Times, AFP, East, Savannah Morning, United States Coast Guard, Walt Disney, Orlando Sentinel, Tribune, Service, Fairview Middle School, Fishel, State Emergency Operations Center, Washington Post, NOAA, La, Cajun Navy, Maxar Technologies, Technologies, Twitter, FEMA, Federal Emergency Management Agency Locations: Florida, Gulf, North Carolina, United States, Georgia, Carolinas, Asheville , North Carolina, Rock , North Carolina, Barnardsville , North Carolina, Lure , North Carolina, Swannanoa , North Carolina, Marshall , North Carolina, Lure, Columbus , North Carolina, Hurricane, Augusta , Georgia, Springs , North Carolina, Old Fort , North Carolina, Bat Cave, Morganton , North Carolina, Old Fort, Fletcher , North Carolina, Steinhatchee , Florida, Tampa , Florida, Steinhatchee, Boone , North Carolina, Asheville, ., Treasure Island , Florida, Horseshoe Beach , Florida, Boone, Valdosta , Georgia, AFP, Horseshoe Beach, Laurel, Vilas , North Carolina, Crystal River , Florida, Crystal River, Peachtree Creek, Atlanta, , Florida, Savannah , Georgia, Savannah, Shore, St . Petersburg , Florida, Key , Florida, Tarpon Springs , Florida, Watauga, Sugar Grove , North Carolina, Port Saint Joe , Florida, Bay Lake , Florida, St . Petersburg, Fort Myers Beach , Florida, Tallahassee, Leon County , Florida, Eastpoint , Florida, Villages, Tallahassee , Florida, Gulfport , Florida, St, Cross City , Florida, Guanimar, Cuba, Panacea , Florida, Puerto Juarez, Mexico, Clearwater , Florida, Weaverville, Fort Liberty, South Carolina, La Bodega, Maui

☆ Asheville was considered a climate haven. Helene shows nowhere is safe
▼ + stars: | 2024-10-02 | by ( Laura Paddison | Holly Yan | ) edition.cnn.com time to read: +7 min

CNN —Asheville was touted as a climate haven, a place to escape the worst ravages of extreme weather. It pummeled western North Carolina as a tropical storm Friday. In some ways, this scenic swath of western North Carolina was primed for catastrophe. Both systems concentrated their highest rainfall on western North Carolina, killing 11 people. A recent First Street report found parts of North Carolina devastated by Helene could now experience a once-in-100 year flood every 11 to 25 years.

Persons: ”, Kathie Dello, Hurricane Helene, Helene, Melissa Sue Gerrits, Jesse Keenan, Susan Hassol, Dello, ” Dello, Ivan, Frances, Sean Rayford, Fred, Travis Long, Helene “, Ed Kearns, ” Kerns, Esther Manheimer, Tulane University’s Keenan, Keenan, ” There’s, Rachel Ramirez, Ella Nilsen, Brandon Miller Organizations: CNN, Asheville, Highways, Biltmore, Tulane University, Lawrence Berkeley National Laboratory, Tropical, First Street Foundation, Tulane Locations: North Carolina, America, North Carolina’s, Florida, Buncombe County, Asheville, Gulf of Mexico, California , Arizona, Carolinas, Georgia, Buncombe, Biltmore Village, Cruso , North Carolina, Canada, Vermont, West Virginia, Phoenix

☆ Before and after satellite photos show Hurricane Helene's destruction of the Florida coast
▼ + stars: | 2024-10-01 | by ( Jenny Mcgrath | ) www.businessinsider.com time to read: +6 min

In addition to Florida, Hurricane Helene caused widespread destruction across several states. Google, Airbus/NOAA Remote Sensing DivisionLate Thursday evening, NOAA's GOES East satellite captured the storm making landfall near Perry in northwest Florida. AdvertisementKeaton Beach is just a 30 minutes drive south from where Hurricane Helene made landfall. Google, Airbus/NOAA Remote Sensing DivisionAs of Tuesday, more than 49,000 people in Florida were still out of power, according to the state government. Advertisement"This has been an unprecedented storm that has hit western North Carolina," North Carolina Gov.

Persons: Florida , Hurricane Helene, —, Helene, Keaton, hasn't, Hurricane Helene, Susan Scoggins, Maples, Shaday Collins, Melissa Sue Gerrits, Dev Niyogi, Roy Cooper, Deanne Criswell Organizations: NOAA, Service, National Oceanic, Atmospheric Administration, Google, Airbus, WCTV, Associated Press, Georgia Public Broadcasting, University of Texas, Austin, New York Times, North Carolina Gov, Asheville, The Washington Post, FEMA, CNN Locations: Florida's, Florida , Hurricane, Florida, Perry, Taylor County, Florida's Big Bend, Fish, Fish Creek, Hurricane, Georgia, North Carolina, South Carolina, Cedar Island, Burnsville , North Carolina, Asheville , North Carolina, Augusta , Georgia, Augusta, Tahoe

Hurricane Helene ravaged western North Carolina over the weekend, leaving behind a trail of death and devastation. North Carolina emergency crews were racing Monday to deliver food and other essential supplies to areas hit hard by Helene. At least 40 people were dead in Buncombe County, home of the thriving mountain city of Asheville, according to law enforcement officials. Photos and videos from Asheville, home to some 95,000 people, captured harrowing scenes and showed neighborhoods rendered unrecognizable by Helene’s impact. The approximately 44 people dead in North Carolina represent a third of all fatalities from the storm.

Persons: Helene, Roy Cooper, Will Overfelt, ”, John Finley, Karol Chase, Jonathan Collier, “, Buncombe County Sheriff Quentin Miller, ” Miller, ” Helene, Melissa Sue Gerrits, NBC’s, Buncombe, ” Lillian Govus, Mark Goldthwaite, “ It’s, Joe Biden, Harris, Biden, Jessica Drye Turner, Turner Organizations: ”, NBC News, Mobile, Gatorade, Health, Buncombe County Sheriff, Homes, Biltmore, Asheville, NBC, Biden, White, Facebook Locations: North Carolina, Carolina, Buncombe County, Asheville, Charlotte, Florida , Georgia, South Carolina, Florida, Appalachia, Boone , North Carolina, Biltmore, Black, “, Florida’s Big Bend, Georgia, Carolinas, Tennessee

☆ Hurricane Helene: Now comes the hard work of recovering
▼ + stars: | 2024-09-29 | by ( Steve Almasy | ) edition.cnn.com time to read: +18 min

Kathleen Flynn/Reuters Boats displaced by Hurricane Helene sit in front of homes in Treasure Island, Florida, on Saturday. Joe Raedle/Getty Images Hurricane Helene is seen in a satellite photo Thursday afternoon. He was briefed Sunday by Federal Emergency Management Agency Administrator Deanne Criswell and Homeland Security Adviser Liz Sherwood-Randall on recovery efforts from Hurricane Helene. Heavy rains from hurricane Helene caused record flooding and damage on September 28 in Asheville, North Carolina. Workers clear Cane Creek Road in the aftermath of Hurricane Helene on September 29 in Fairview, North Carolina.

Persons: Joe Biden, “, Meredith Keisler, Keisler, ”, Krista Cortright, Cortright, ” Cortright, Hurricane Helene, Gerald Herbert, Melissa Sue Gerrits, Sean Rayford, Elmira Glover, Kathleen Flynn, Helene, Joe Raedle, Marco Bello, Jonathan Drake, John Falchetto, Cassandra Randall, Jessica Downey, Greg Lovett, Hailey Morgan, Phelan M, Megan Varner, Sarah Cribbins, Michael, Luis Santana, Miguel J, Rodriguez Carrillo, Richard Burkhart, Mike Carlson, Mike Stewart, Candice Ocvil, Jibri Tolen, Erik S, Cristobal Herrera, Candace Redwine, Guy Ford, George G, Tapper, Ricardo Arduengo, Joe Burbank, Carol Poulson, Andrew West, Cynthia Centeno, Reuters Charles Starling, Stephen M, Dowell, Chandan Khanna, Thomas Simonetti, Pete Beach, Ramon Espinosa, Paola Chiomante, Michael Callahan, Duke, ” Callahan, –, Avril Pinder, Craig Fugate, William Ray, ” Fugate, ” Cooper, Biden, Brian Kemp, Roy Cooper, Deanne Criswell, Liz Sherwood, Randall, Criswell, Donald Trump, ” Trump, “ It’s, It’s, Ken Graham, Esther Manheimer, ” Manheimer, Michelle Coleman, CNN she’s, Coleman, ” Coleman, Gary O’Dell, he’s, I’ve, ” CNN’s Robert Shackelford, Sarah Dewberry, Rafael Romo, Jade Gordon, Ashley R, Williams, DJ Judd, Sunlen Serfaty, Lauren Mascarenhas, Eric Levenson, Isabel Rosales, Taylor Galgano, Sara Smart, Conor Powell, Caroll Alvarado, Caroline Jaime, Emma Tucker, Artemis Moshtaghian, Afshar, Raja Razek Organizations: CNN, White House, ” Workers, Hurricane, Getty, Reuters, USA, Tampa Bay Times, AP, AFP, East, Savannah Morning, United States Coast Guard, Walt Disney, Orlando Sentinel, Tribune, Service, Fairview Middle School, Fishel, State Emergency Operations Center, Washington Post, NOAA, Buncombe County , North Carolina –, Emergency, ”, Sunday, Georgia Gov, North Carolina Gov, Federal Emergency Management, Homeland, Weather, National Weather Service, Workers, WLOS, Asheville Dream Center Locations: North Carolina, South Carolina, Georgia, Florida, Tennessee, Virginia, Carolinas, Asheville, Marion, Western North Carolina, Hurricane, Steinhatchee , Florida, , North Carolina, Asheville , North Carolina, Treasure Island , Florida, Horseshoe Beach , Florida, Boone , North Carolina, Valdosta , Georgia, AFP, Laurel, Vilas , North Carolina, Crystal River , Florida, Peachtree Creek, Atlanta, , Florida, Savannah , Georgia, Savannah, Shore, St . Petersburg , Florida, Key , Florida, Tarpon Springs , Florida, Watauga, Sugar Grove , North Carolina, Port Saint Joe , Florida, Bay Lake , Florida, Fort Myers Beach , Florida, Tallahassee, Leon County , Florida, Eastpoint , Florida, Villages, Tallahassee , Florida, Gulfport , Florida, St, Cross City , Florida, Guanimar, Artemisa province, Cuba, Panacea , Florida, Puerto Juarez, Cancun, Mexico, Clearwater , Florida, Buncombe County , North Carolina, ”, Washington, North Carolina , Tennessee, Rehoboth Beach , Delaware, Florida , Georgia, Alabama, Bend, Alabama , Tennessee, Erie , Pennsylvania, West Virginia, Kentucky, Baltimore, Fairview , North Carolina, Vietnam

☆ Pregnant mom of two is ‘completely trapped’ in her North Carolina home
▼ + stars: | 2024-09-28 | by ( Jay Croft | Isabel Rosales | ) edition.cnn.com time to read: +7 min

Asheville, North Carolina CNN —No power. These are the conditions some North Carolina residents face amid the worst of the flooding caused by tropical depression Helene. Jennifer Replogle, a pregnant mother of two young children, is “completely trapped” at her home above Boone in Tater Hill, North Carolina, elevation 4,200 feet, where severe flooding from tropical storms is not the norm. Melissa Sue Gerrits/Getty ImagesHelene “is one of the worst storms in modern history for parts of North Carolina,” Gov. The storm has exposed other North Carolina residents to life-or-death situations.

Persons: Helene, Jennifer Replogle, ”, Replogle, ” Replogle, Melissa Sue Gerrits, Helene “, Roy Cooper, Sofia Grace Kunst, ” Kunst, “, Matt Lewis, ” Lewis, Patrick McNamara, McNamara, ” McNamara, it’s, “ We’re, Yancey, McDowell Organizations: North Carolina CNN, North, ”, Department of Transportation, CNN, Kunst, Asheville Locations: Asheville, North Carolina, Boone, Tater Hill, Watauga County, Watauga, Florida, Boone , North Carolina, Yancey County, Tennessee, Western NC, Sofia, Black, Kunst, McDowell County

☆ With a world-class workforce and a booming economy, North Carolina repeats as America's Top State for Business in 2023
▼ + stars: | 2023-07-11 | by ( Scott Cohn | ) www.cnbc.com time to read: +6 min

North Carolina Gov. North Carolina ranks first in the all-important Workforce category of CNBC's study. Strong workers fuel GDP, solid state finances North Carolina's strong workforce helped feed its performance in other categories. "It's clear that the Republican legislature is aiming to choke the life out of public education," Cooper said on May 24. Abortion rights demonstrators gather to protest in Raleigh, North Carolina, after the Supreme Court's decision in the Dobbs v. Jackson Women's Health case, June 24, 2022.

Persons: Bosch, Roy Cooper, Joe Biden's, Melissa Sue Gerrits, Josh Wright, Charlotte, it's, You've, Wright, Cooper, Tricia Cotham, Cotham Organizations: State, Business, North Carolina, CNBC, North Carolina Gov, Getty, Apple, Triangle, Democrat, Raleigh, U.S . Labor Department, Commerce Department, Federal Housing Financing Agency, Census, ATTOM Data, Technology, Innovation, Capital, Republican, Republicans, General, Jackson, Anadolu Agency Locations: North Carolina, Lincolnton, Greensboro, Goldsboro, American, Durham, Wolfspeed, Durham , North Carolina, East Coast, America, Alaska, Massachusetts, North, Raleigh , North Carolina, Dobbs

☆ The Fed warned of a looming credit crunch. Americans say it’s already arrived.
▼ + stars: | 2023-04-11 | by ( Phil Rosen | ) www.businessinsider.com time to read: +6 min

We just saw a more extreme distribution play out in the stock market, too. Just 20 names drove 90% of the gains in the S&P 500 over the first three months of the year. The Fed has been warning of tightening credit conditions since last month's handful of bank failures, but policymakers spoke as if it were some future event. Remember, a so-called credit crunch means lenders raise the bar for borrowers, and people have to meet stricter parameters to get a loan. "The credit crunch has started," Torsten Slok, chief economist at Apollo Global Management, said in response to the report.

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