DIRS.INFO The most relevant business & tech news

☆ Less ‘Joe,’ More ‘Mr. President’
▼ + stars: | 2022-10-20 | by ( Fay Vincent | ) www.wsj.com time to read: 1 min

There he was, on the hurricane-ravaged streets of Fort Myers Beach, Fla., the president of the United States, saying: No one effs with a Biden. I don’t use quotation marks because he used an unprintable word my mother taught me is “vulgar.”In ancient Rome, where formal Latin was spoken only by the educated class and written by the likes of Cicero, the street language was called the “vulgate” because it was the common tongue. By the fourth century, there was even a Bible translation in the vulgate.

The eight people trapped in the Hideaway Village motel realized that they may die as geysers shot up through the buckling floors and the deadbolts holding their doors shut snapped like toothpicks under Hurricane Ian’s assault. After the motel crashed and the roof above the women gave way, a motel employee next door pulled them out of the water. The wrecking of the Hideaway Village motel, pieced together through interviews with survivors, reveals how the storm’s death count could have easily been much higher than 135 people, according to an NBC News tally. Hurricane Ian tore the roof off the Hideaway Village motel. But on Sept. 27, the women arrived at the Hideaway Village motel, full of energy, under the impression that the storm’s threats were overstated, Maston said.

☆ U.S. Treasury proposes climate data collection rule for insurers
▼ + stars: | 2022-10-18 | by ( ) www.reuters.com time to read: +2 min

Destroyed buildings are seen after Hurricane Ian caused widespread destruction, in Fort Myers Beach, Florida, U.S., October 4, 2022. The Treasury's Federal Insurance Office said in a Federal Register notice that it was seeking public comment on the proposal, under which it would collect current and historical underwriting data on homeowners’ insurance. The zip-code level data would provide the insurance office with "consistent, granular, and comparable insurance data needed to help assess the potential for major disruptions of private insurance coverage in regions of the country that are particularly vulnerable to the impacts of climate change." Treasury said the proposed data collection rule would help the Federal Insurance Office to assess both the availability of insurance for millions of Americans as well as the affordability of such insurance. “Today’s action by the Federal Insurance Office is an important step in determining how Americans are being affected by the increasing costs of climate change,” Yellen said in a statement.

FORT MYERS BEACH, Fla.—Trixie Parkes’s 1976 wood-framed cottage long served as her home and main source of income, because she rented two units on the top floor to tourists. But when Hurricane Ian tore through in late September, it destroyed most of the first floor and gouged a gaping hole in the second-floor walls. She didn’t have flood insurance, which she said became too expensive after Hurricane Irma in 2017. Ms. Parkes, 59, plans to sell her property. “Maybe somebody will come and offer me a lot of money and I can walk away.”

☆ After Hurricane Ian, Salvage Firm Pulls Yachts Out of Swimming Pools and Mangrove Trees
▼ + stars: | 2022-10-16 | by ( Peter Grant | ) www.wsj.com time to read: 1 min

An aerial view of damage from Hurricane Ian in Florida’s Fort Myers Beach seen last week. Heather O’Brien makes a living rescuing small boats and yachts in the waters near Fort Myers, Fla. Since Hurricane Ian, she has been busy. On a typical weekend this time of year, Ms. O’Brien might get a dozen or so calls for help, mostly from locals who need a tow because their boat ran out of gas or their battery was depleted. After Ian, she received more than 2,000 calls, many of a much more serious nature.

☆ 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.

☆ Damages in Florida from Hurricane Ian could total $47 billion. Here's how to protect your personal finances from natural disasters
▼ + stars: | 2022-10-03 | by ( Stephanie Dhue Sharon Epperson | Stephanie Dhue | Sharon Epperson | ) www.cnbc.com time to read: +1 min

Prepare for insurance claimsIf you're going to file an insurance claim, inventory the damage before you start cleaning up. Keep a written record of the name of everyone you talk to about your claim, including the date of the conversation and summary of what was said. Coverage for floods requires a separate policy, either from the federally based National Flood Insurance Program or a private insurer. There is a 30-day waiting period before flood coverage is effective. Flood insurance for autos is an option under the comprehensive portion of a policy.

Search resuls for: "Fort Myers Beach"

7 mentions found