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Why You Just Got a FEMA Emergency Alert on Your Cellphone FEMA sent emergency alerts to cellphones, TVs and radios on Wednesday on a nationwide scale. WSJ looks at why this alert happened and explains how the technology of the alerts has evolved. Photo: David Becker/Zuma Press
Persons: David Becker Organizations: FEMA, Zuma
Sam Bankman-Fried, Crypto’s Former Golden Boy, Goes on Trial FTX founder Sam Bankman-Fried is about to go on trial for fraud and conspiracy charges after the collapse of his crypto empire last year. WSJ’s Alexander Osipovich breaks down what happened to FTX and what to look for as the trial unfolds. Photo Illustration: Annie Zhao
Persons: Sam Bankman, Crypto’s, WSJ’s Alexander Osipovich, Annie Zhao Organizations: Golden
‘This Is Only a Test’: What to Expect From FEMA’s Nationwide Alert Today FEMA is testing today at 2:20 p.m. ET its ability to send emergency alerts to cellphones, TVs and radios on a nationwide scale. WSJ looks at why this alert is happening and explains how the technology of the alerts has evolved. Photo: Andrew Harrer/Bloomberg News
Persons: Andrew Harrer Organizations: Nationwide Alert, FEMA, Bloomberg
Sam Bankman-Fried, Crypto’s Former Golden Boy, Goes on Trial FTX founder Sam Bankman-Fried is about to go on trial for fraud and conspiracy charges after the collapse of his crypto empire last year. WSJ’s Alexander Osipovich breaks down what happened to FTX and what to look for as the trial unfolds. Photo Illustration: Annie Zhao
Persons: Sam Bankman, Crypto’s, WSJ’s Alexander Osipovich, Annie Zhao Organizations: Golden
Why tornadoes are more destructive than ever in the U.S.
  + stars: | 2023-10-04 | by ( Katie Koontz | ) www.cnbc.com   time to read: +4 min
One hundred sixty-one people were killed in the Joplin tornado. The May 2011 Joplin tornado left behind almost $3 billion in damage, making it the costliest U.S. tornado on record. "Tornadoes are a big problem in the United States," said Anne Cope, chief engineer at the Insurance Institute for Business & Home Safety. Based on estimated wind speeds and damage, tornadoes can range on a scale from EF0 to EF5. "The reality is, is that all 50 states, including Alaska and Hawaii, receive tornadoes."
Persons: Troy Bolander, Ann Leach, Ann, Troy, Anne Cope, Cope, Joplin, Leach, Victor Gensini, Gensini Organizations: Joplin, Insurance Institute for Business & Home, of Commerce, Resilience Victoria, Department of, Northern Illinois University Locations: Joplin , Missouri, Kansas, Joplin, Troy, United States, U.S, Plains, Texas, Alaska, Hawaii, Midwest, Mississippi, Memphis, Indianapolis, Nashville
REUTERS/Evgenia Novozhenina/files Acquire Licensing RightsSummary Russia to hold public warning testsRussia says: Do not panic when you hear the sirensUnited States also to hold public warning testMOSCOW, Oct 4 (Reuters) - Russia will conduct a nationwide test of its emergency public warning systems on Wednesday, blaring out sirens and interrupting television broadcasts to warn the population of an impending danger. "The warning system is designed to timely convey a signal to the population in the event of a threat or emergency of a natural or man-made nature." The United States is also conducting a large-scale test of its public warning systems on Wednesday, via U.S. mobile phones and TV and radio stations. Many other countries have also conducted alert system tests for crisis and disasters in recent years. The goal of Russia's tests is to assess the warning systems, the readiness of personnel responsible for launching them and raise public awareness, the emergency ministry said.
Persons: Evgenia, Lidia Kelly, Guy Faulconbridge Organizations: REUTERS, Cuban Missile, Ministry, Emergency, U.S, Federal Emergency Management Agency, FEMA, Thomson Locations: St, Basil's, Red, Moscow, Russia, States, MOSCOW, Ukraine, United States, Russian, Melbourne
Your phone just sounded an alarm. Don't panic.
  + stars: | 2023-10-04 | by ( Haley Tenore | ) www.businessinsider.com   time to read: +3 min
FEMA is working with the FCC to send out a nationwide test of the emergency alert system. Don't be alarmed, it was just a scheduled test from the emergency alert system. The phone alert displayed the text, "THIS IS A TEST of the National Wireless Emergency Alert System. FEMA sent out a national test of its emergency alert system. AdvertisementAdvertisementFEMA and the FCC testing out the emergency alert system is not out of the ordinary.
Persons: , Don't, Haley Tenore, Nino Correa Filomeno Organizations: FEMA, FCC, Service, Federal Emergency Management Agency, Federal Communications Commission, Puerto Rico Emergency Management Bureau, National Wireless, Puerto Rico Emergency Management Agency, EAS Locations: Puerto Rico, Hawaii, Guam, Montana
Starting at approximately 2:20 pm ET on Wednesday, the federal government will begin conducting a nationwide test of its Emergency Alert System and Wireless Emergency Alerts. Radio and TV stations will also blare a test alert at around the same time. Here are answers to all of your burning questions about today’s emergency alert test. There are, however, three conditions which would prevent the cell phone alert from getting delivered to a device. Meanwhile, all radios and televisions will also broadcast a test emergency alert at the same time as part of the broader test.
Organizations: New, New York CNN, US, WEA, Federal Emergency Management Agency, Federal Communication Commission, Radio, FEMA, Wireless, National Wireless, Emergency Locations: New York, United States
Don’t be alarmed – a nationwide emergency alert test will take place Wednesday afternoon. All major U.S. wireless providers will transmit the national test to their subscribers, according to FEMA. The message on phones will be: “THIS IS A TEST of the National Wireless Emergency Alert System. Phones that are off during the 30-minute window for the test should not receive the message. Some on social media have encouraged others to keep their phones off during the test as a result of the conspiracy theory.
Persons: Don’t, , Organizations: Federal Emergency Management Agency, Emergency, FEMA, National Wireless
Russia to conduct emergency public warning tests on Wednesday
  + stars: | 2023-10-04 | by ( ) www.reuters.com   time to read: +2 min
Oct 4 (Reuters) - Russia will conduct a nationwide test of its emergency public warning systems on Wednesday, letting sirens wail and interrupting television and radio broadcasts with security information. "A large-scale audit of public warning systems at the regional and municipal levels will take place in all regions of Russia," the Ministry of Emergency Situations said in a press release. Separately, the United States is also conducting a large-scale test of its public warning systems on Wednesday, via U.S. mobile phones and TV and radio stations. Many other countries have also conducted alert system tests for crisis and disasters in recent years. The goal of Russia's tests is to assess the warning systems, the readiness of personnel responsible for launching them and raise public awareness, the emergency ministry said.
Persons: Lidia Kelly, Robert Birsel 私 Organizations: Ministry, Emergency, U.S, Federal Emergency Management Agency, FEMA Locations: Russia, United States, Russian, Melbourne
If your phone, television or radio makes an alarming sound around 2:20 p.m. Nearly all smartphones connected to a cellular network will deliver a message, alongside an alert sound and vibration: "THIS IS A TEST of the National Wireless Emergency Alert System. This is the third nationwide test of the alert system, FEMA said. The alert sound can't be turned off on smartphones if they are on. While iPhones and most Android smartphones offer settings to opt out of certain government alerts, such as Amber alerts, users can't opt out of this test, FEMA said.
Persons: Deanne Criswell, Amber Organizations: Federal Emergency Management Agency, Federal Communications Commission, National Wireless, FEMA, U.S
Russia to Conduct Emergency Public Warning Tests on Wednesday
  + stars: | 2023-10-03 | by ( Oct. | At P.M. | ) www.usnews.com   time to read: +2 min
(Reuters) - Russia will conduct a nationwide test of its emergency public warning systems on Wednesday, letting sirens wail and interrupting television and radio broadcasts with security information. "A large-scale audit of public warning systems at the regional and municipal levels will take place in all regions of Russia," the Ministry of Emergency Situations said in a press release. Separately, the United States is also conducting a large-scale test of its public warning systems on Wednesday, via U.S. mobile phones and TV and radio stations. Many other countries have also conducted alert system tests for crisis and disasters in recent years. The goal of Russia's tests is to assess the warning systems, the readiness of personnel responsible for launching them and raise public awareness, the emergency ministry said.
Persons: Lidia Kelly, Robert Birsel Organizations: Reuters, Ministry, Emergency, U.S, Federal Emergency Management Agency, FEMA Locations: Russia, United States, Russian, Melbourne
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
FEMA is working with the FCC to send out a nationwide test of the emergency alert system. The phone alert will show the text, "THIS IS A TEST of the National Wireless Emergency Alert System. The EAS normally sends out notifications for severe weather and amber alerts, according to the FCC. It is able to broadcast messages by radio and TV, along with wireless emergency alerts that are received via text message. FEMA and the FCC testing out the emergency alert system is not out of the ordinary.
Persons: , Don't, it's, Nino Correa Filomeno Organizations: FEMA, FCC, Service, Federal Emergency Management Agency, Federal Communications Commission, Puerto Rico Emergency Management Bureau, National Wireless, Puerto Rico Emergency Management Agency, EAS Locations: Puerto Rico, Spanish, Guam, Hawaii, Montana
The federal government said it will conduct on Wednesday afternoon a nationwide test of its Emergency Alert System and Wireless Emergency Alerts. Beginning at approximately 2:20 pm ET this Wednesday, all wireless phones should receive an alert and an accompanying text message that reads: “THIS IS A TEST of the National Wireless Emergency Alert System. Meanwhile, all radios and televisions will also broadcast a test emergency alert at the same time as part of the broader test. The first-ever test of the Emergency Alert System occurred more than a decade ago, in 2011. And earlier this year in Florida, state emergency management officials issued an apology after Floridians were awoken at 4:45 a.m. by a test emergency alert sent to their phones.
Persons: Floridians Organizations: CNN, WEA, Federal Emergency Management Agency, Federal Communication Commission, National Wireless, FEMA, Emergency Locations: United States, Hawaii, Florida
An aerial view of New Orleans can be seen from a drone above the Mississippi River on April 1, 2023 in New Orleans, La. Ricky Carioti | The Washington Post | Getty ImagesPresident Joe Biden on Wednesday declared a federal emergency for a saltwater intrusion in the Mississippi River, which is threatening New Orleans' water infrastructure. The U.S. Army Corps of Engineers projects that two New Orleans water treatment plants will be affected by the end of October: the Algiers Water Treatment Plant on Oct. 22 and the Carrollton Water Treatment Plant on Oct. 28. Solutions under considerationAt a New Orleans City Council meeting on Wednesday, councilmembers, officials from the SWBNO and from the Department of Homeland Security discussed possible response strategies. Some New Orleanians are wondering why the city is always playing defense, despite the warning signs of saltwater intrusion in years past.
Persons: Ricky Carioti, Joe Biden, John Bel Edwards, Biden, Jesse Keenan, Mia Miller, Miller, Joseph Giarrusso, SWBNO, Councilmember Lesli Harris, Councilmember, there's, We're, Bywater, Stephen Murphy, bode, Murphy Organizations: Washington Post, Getty, Wednesday, Louisiana Gov, Federal Emergency Management Agency, Biden's, U.S . Army Corps of Engineers, Board, New, New Orleans City Council, U.S . Army Corps of Engineers New, Water Board, Tulane University, New Orleans City, Department of Homeland Security, FEMA, Tulane University's Disaster Management Locations: New Orleans, Mississippi, La, Plaquemines Parish, Louisiana, U.S . Army Corps of Engineers New Orleans, Algiers, Carrollton, Bywater, councilmembers
Across the country, federal workers still stung by the memories of past government shutdowns are grimacing and bracing for another potential extended closure. Johnny J. Jones, secretary-treasurer of the TSA workers unit within the AFGE, said even a temporary loss in pay is a massive disruption for government workers who live paycheck to paycheck. LaPointe, a mother of four who is also a union leader for 30,000 Social Security workers through AFGE, said a shutdown would be “a catastrophe" personally. A Partnership for Public Service survey ranks the Social Security Administration last among agencies in the “Best Places to Work” government-wide index. “We don’t often feel like it’s worth it to be federal employees at the time of a shutdown,” LaPointe said.
Persons: — John Hubert, Steve Reaves, Jessica LaPointe, she's, “ We’re, , Hubert, , Washington gridlock, we've, Tom Vilsack, Johnny J, Jones, ” Jones, LaPointe, ” LaPointe, Reaves, Organizations: WASHINGTON, Security Administration, Federal Emergency Management Agency, FEMA, Social Security, Disney, TSA, American Federation of Government Employees, Democrats, White House, USDA, Social, Republicans, Public Service Locations: Fort Lauderdale , Florida, Madison , Wisconsin, Washington, AFGE
Senate leaders released a short-term funding bill Tuesday — with four days left to avert a government shutdown at the end of this month — to keep money flowing until Nov. 17 to give Congress more time to ink a larger agreement. The bipartisan bill, negotiated between leaders of the Democratic majority and Republican minority, includes $4.5 billion in aid to Ukraine and $6 billion in emergency FEMA funding for disaster relief. "It's always a hypothetical that the Senate is going to do something," McCarthy told reporters. "I'm not going to take up hypotheticals of someday dreaming the Senate is going to do something. Senate Majority Leader Chuck Schumer, D-N.Y., urged senators to pass it.
Persons: Patty Murray, Murray, Kevin McCarthy, McCarthy, I'm, Chuck Schumer, Schumer, Mitch McConnell, McConnell Organizations: Democratic, Republican, GOP Locations: Ukraine, Ky
"But in the absence of that sorely-needed action, the Office of Gun Violence Prevention along with the rest of my Administration will continue to do everything it can to combat the epidemic of gun violence that is tearing our families, our communities, and our country apart,” he said. Democrats largely favor stricter gun laws as a way to reduce deaths from gun violence at schools and in cities across the country. Establishing a new office of gun violence prevention has long been on the wish list of anti-violence advocacy groups that were happy with Biden's record pushing for reforms but wanted the White House do more. White House adviser Stefanie Feldman, Biden's staff secretary, will serve as the director of the office, and gun safety advocates Greg Jackson and Rob Wilcox will join the White House as deputies. “We are so pleased that the Biden administration has officially created an Office of Gun Violence Prevention," said Kris Brown, president of Brady, an advocacy group.
Persons: Cheney Orr, Joe Biden, Kamala Harris, “ I’ll, Biden, , Harris, Stefanie Feldman, Greg Jackson, Rob Wilcox, Feldman, Kris Brown, Brady, Jeff Mason, Dan Whitcomb, Leslie Adler, Deepa Babington Organizations: Chamber, Covenant School, Tennessee State Capitol, REUTERS, Rights, Republicans, National Rifle Association, Democrats, Safer Communities, White, Gun, FEMA, Federal Emergency Management Agency, Thomson Locations: Nashville , Tennessee, U.S
Worst of all for her, the ruinous flooding meant Operation Threshold, which helps thousands of low-income individuals and families across three Iowa counties become self-sufficient, couldn't operate. Operation Threshold"So many of the families that flooded were people that we normally serve," Grant, executive director of Operation Threshold, said. The Operation Threshold office building was inundated. In the aftermath of the flooding, Grant said the plethora of paper documents in the office wouldn't dry enough to shred. The organization also received a loan from a local credit union and pocketed roughly $12,000 by selling its secondary office building.
Persons: Barb Grant, Grant, she'd, , Kim Reynolds, it's, Miriam Alarcón Avila Organizations: Pew Charitable, Federal Emergency Management Agency, FEMA Locations: Iowa, Waterloo , Iowa, Vermont, Waterloo, Mississippi, Waterloo —
Part of the order essentially directed the environmental, health and transportation officials to continue doing what they are doing to make sure Norfolk Southern fulfills its responsibilities and report on the progress. Norfolk Southern has also promised to pay for upgrading East Palestine's parks and water treatment center. Norfolk Southern has also said it will establish funds to pay for lost home values, any long-term health concerns and water contamination issues that result from the derailment. “From the beginning, Norfolk Southern has committed to making it right in East Palestine and covering all costs associated with the clean-up. “This is an overdue but welcomed step to support the people of East Palestine,” said Brown.
Persons: Joe Biden, Biden, Mike DeWine, Dan Tierney, , Jessica Conard, Jami Wallace, Sen, Sherrod Brown, , Brown, aren't, Patrick Orsagos Organizations: Norfolk Southern, FEMA, Federal Emergency Management Agency, Ohio Gov, Southern, Norfolk, Ohio, East, East Palestine Unity Council, Norfolk Southern ., Associated Press Locations: Ohio, Pennsylvania, East Palestine, Norfolk Southern, Palestine, Norfolk, Atlanta, Norfolk Southern . U.S, Columbus , Ohio
CNN —Millions of American homeowners could see insurance rates surge in the coming years in part due to worsening climate disasters, new data shows. It’s another alarming sign for the future of America’s homeowners’ insurance market. “We’re still kind of at the forefront of the insurance industry pricing in climate risk into the real estate market,” Porter told CNN. Premiums are at risk of surging to a lesser extent in cities across the country, First Street data shows. “I know where the places are where people are dropping their insurance — it’s Florida, Louisiana, California and Colorado,” Bach told CNN.
Persons: , David Jones, Jeremy Porter, , ” Porter, Hurricane Ian, Matias J, Jones, ” Jones, Amy Bach, Bach, ” Bach, Kyle Grillot, Reuters Jones, Porter, ‘ I’m, it’s Organizations: CNN, Foundation, UC Berkeley’s Center for Law, Energy, Hurricane, Miami Herald, Tribune, Service, Los, National Flood Insurance, FEMA, United, Residents, Reuters Locations: California , Florida, Louisiana, California, Matlacha , Florida, Florida, Texas, Vermont, Montpelier . Kentucky, West Virginia, Miami, Jacksonville, New Orleans, East Coast, Atlantic City , New Jersey, Virginia Beach, Norfolk , Virginia, Wilmington , North Carolina, Charleston , South Carolina, Savannah , Georgia, New York City, Phoenix, Chicago , Pittsburgh, Louisville, Cincinnati, West Coast, Riverside , California, Los Angeles, Gulf Coast, Plaquemines Parish , Louisiana, Collier County , Florida, Colorado, Wrightwood , California
A Federal Emergency Management Agency (FEMA) administrator mentioned by Joe Biden in a video was in Hawaii ahead of deadly wildfires on Aug. 8 to attend an annual agency conference, a FEMA official told Reuters. “Due to the fires on Maui, participants from FEMA, the Hawaii delegation and many other federal agencies left the meeting early to address statewide response efforts,” Edwards said. Fenton is currently the Regional Administrator for FEMA Region 9, which includes the Hawaiian Islands (here), (here). In the clip of Biden’s Aug. 30 remarks, the president refers to his appointment of Fenton to lead the Maui response and rebuilding efforts. FEMA administrator Bob Fenton’s presence in Hawaii before the 2023 wildfires is not evidence that the disaster was planned.
Persons: Joe Biden, Biden, Bob Fenton “, Jeremy M, Edwards, Fenton, ” Edwards, Lemanu P.S, , Bob Fenton, ” Fenton, Bob Fenton’s, Read Organizations: Emergency Management Agency, FEMA, Reuters, Social, Facebook, Biden, Partnership, Regional, White, Guam Homeland Security, Civil Defense Locations: Hawaii, Honolulu, Oahu, , Maui, American Samoa, United States, Guam
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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