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Why More Baby Boomers Are Sliding Into Homelessness
  + stars: | 2023-09-12 | by ( Shannon Najmabadi | ) www.wsj.com   time to read: 1 min
Why More Baby Boomers Are Sliding Into Homelessness The aging of America means more old people on fixed incomes are overwhelmed by the high cost of housing and other financial shocks; ‘not seen since the Great Depression’Judy Schroeder became homeless after she couldn’t afford her rent on her Social Security income. She stayed at a friend’s house in Naples, above, until Hurricane Ian flooded the property. Bryan Cereijo for The Wall Street Journal
Persons: , Judy Schroeder, couldn’t, Hurricane Ian, Bryan Cereijo Organizations: Social, Wall Street Locations: Naples, Hurricane
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
Ron DeSantis had put “politics ahead of his job” by declining to meet with President Joe Biden during the Democrat's weekend visit to survey Hurricane Idalia's damage in DeSantis' state. And unfortunately, he put politics ahead of his job," Christie said. Christie giving a warm greeting to Democratic President Barack Obama during a visit after Superstorm Sandy in 2012 earned Christie scorn among national Republicans. Christie said he was simply doing his job by meeting with the president. But DeSantis is now running for president and hoping to take on Biden in the 2024 general election.
Persons: CHARLOTTE, Chris Christie, Ron DeSantis, Joe Biden, what’s, ” Christie, , Christie, Barack Obama, Superstorm Sandy, Obama, , Mitt Romney’s, Biden, DeSantis, Idalia, Hurricane Ian, Sandy, Vivek Ramaswamy, Christie —, ___ Meg Kinnard Organizations: , Florida Gov, Fox, New, New Jersey Gov, Republicans, Carolinas, Biden Locations: N.C, Florida, New Jersey, Bend, drench Georgia, Hurricane, Miami Beach
Lee was located about 1,130 miles east of the northern Leeward Islands, the center said. Imagine Lee headed into 1983 waters east of the Leeward Islands (27.5C)- 2023 Lee has 29.5C to work with- an astounding difference. The last Category 5 hurricane to roam the Atlantic basin was 2022’s Hurricane Ian. Lee will ramp up in intensity as the peak of the Atlantic hurricane season approaches. Sunday, September 10, is the climatological peak of Atlantic hurricane season, when the basin is at its busiest on average.
Persons: CNN — Lee, Lee, It’s, Jason Dunion, Hurricane Idalia, David Zierden, , ” Zierden, — Eric Blake 🌀, eason –, , ike, eason Organizations: CNN, National Hurricane Center, Eastern Seaboard, Leeward, NOAA’s Hurricane Field, Hurricane, ust, tate Locations: Caribbean, Leeward Islands, Windward, Gulf of Mexico, Leeward, ath
It’s the latest example of how extreme weather, exacerbated by climate change, impacted major North American attractions this summer. Extreme heat in Florida also disrupted attendance at Walt Disney World and Universal Orlando this summer. Theme parks are building indoor rides and changing ticket policies to respond to brutal weather conditions. Golding has lowered his estimates for the theme park industry because of growing risks from extreme weather. SeaWorld warns in its annual report to investors that extreme weather events could cause it to “incur significant costs.”“The series of extreme weather events experienced in recent years presents an alarming trend,” SeaWorld said.
Persons: ” Paul Golding, Golding, Brian Witherow, Cedar, James Forrester, Hurricane Ian, Gary Mick, Mick Organizations: New, New York CNN, Walt Disney World, Universal Orlando, Macquarie Research, Knott’s, SeaWorld, Flags, Wall Street Locations: New York, Nevada, SeaWorld, Southwest, California, Canada, Florida, Ontario, Knott’s Berry, Florida , Texas, Virginia, Northeast
Hurricanes affect marine life differently, depending on whether they can move or are stationary. After a hurricane, increased levels of freshwater, bacteria, and debris can also harm marine life. A vast array of marine life lives along the Florida peninsula, the US state where hurricanes make landfall most often. What happens to marine life during a hurricane? For example, alligators on Sanibel Island, which Hurricane Ian hit hard, were affected by the saltier ocean water the storm brought on land.
Persons: Melissa May, Rita, Andrew, Valerie Paul, Hurricane Ian, Ian, Paul, Chris Lechowicz, Rivers, Marco Bello Organizations: Service, Florida Gulf Coast University ., National Oceanic, Atmospheric Administration, NOAA, Reuters Hurricanes, Geological Survey, Hurricanes, Smithsonian Marine, Healing, Reuters, NASA Locations: Wall, Silicon, Florida, Gulf of Mexico, Caribbean, Louisiana, Brevard, Estero Bay
CNN —President Joe Biden traveled to Florida on Saturday to survey the devastation from Hurricane Idalia. But a White House official told CNN the governor hadn’t raised that issue when the president told him of his visit before announcing it publicly. Of course, those concerns were apparently not an issue when DeSantis welcomed Biden to the state to survey past calamities. For example, in 2021, after the deadly condo collapse in Surfside, Florida, Biden and DeSantis came together as the president toured the damage. And it’s really important.”Just last year, again Biden and DeSantis publicly toured the destruction caused by Hurricane Ian in October.
Persons: Dean Obeidallah, Joe Biden, GOP Sen, Rick Scott of, Ron DeSantis, Dean Obeidallah CNN DeSantis, Biden, hadn’t, DeSantis, “ You’ve, ” DeSantis, Hurricane Ian, “ Mr, , It’s, Kate Bedingfield, ” Bedingfield, Donald Trump, Gavin Newsom, Newsom, Chris Christie, Barack Obama, Republican Mitt Romney, Christie, Obama, , , Romney, DeSantis didn’t, I’m, “ We’re, Republicans —, DeSantis —, Hurricane Sandy —, floundering Organizations: CNN, GOP, Florida Gov, Dean Obeidallah CNN, White, Biden, Biden White House, Sunshine State, Democratic Gov, Trump, Obama, Republican, Army Corps of Engineers, Twitter, Facebook, Federal Emergency Management, Disaster Relief, United States Congress, Democrats, Republicans, Hurricane Locations: Florida, Rick Scott of Florida, Surfside , Florida, Miami Beach, California, New Jersey, Hurricane, Massachusetts, United States
"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
REUTERS/Cheney Orr/File Photo Acquire Licensing RightsWASHINGTON, Sept 2 (Reuters) - U.S. President Joe Biden heads to Florida on Saturday to survey damage caused by Hurricane Idalia and comfort people affected by the storm, but he will not be meeting Ron DeSantis, the state's Republican governor and a potential presidential rival. DeSantis, 44, is running for the 2024 Republican presidential nomination to oust Biden from the White House but trails former President Donald Trump in polls. Biden and DeSantis have spoken regularly through the week about the storm, which pummeled Florida's Big Bend region with Category 3 winds of nearly 125 mph (200 kph). DeSantis has been a sharp critic of Biden, and the two have clashed over COVID-19 vaccines, abortion and LGBT rights. DeSantis may not want to be photographed with Biden overlooking storm damage now as the Republican presidential primary race intensifies.
Persons: Dennis Buckley’s, Cheney Orr, Joe Biden, Hurricane Idalia, Ron DeSantis, Biden, Jeremy Redfern, Donald Trump, DeSantis, pummeled, Jill, Emilie Simons, Chris Christie, Barack Obama, superstorm Sandy, Jeff Mason, William Mallard Organizations: REUTERS, Rights, Republican, FEMA, Federal Emergency Management Agency, Former New Jersey, Democrat, Thomson Locations: Horseshoe Beach , Florida, U.S, Florida, Bend, COVID, Hurricane, Trump, Hawaii, Delaware
Chris Christie in the eye of a political hurricane. It's a striking difference from a year ago, in the aftermath of Hurricane Ian, when DeSantis joined Biden on his tour of the state. But DeSantis' hurricane leadership has reflected positively on him in the past. The DeSantis campaign, grounded in Tallahassee this week, signaled that it sees such opportunities. Christina Pushaw, DeSantis' combative rapid response director, shared on social media Friday a Wall Street Journal editorial headlined "Hurricane Ron DeSantis."
Persons: It's, Superstorm Sandy, Chris Christie, Obama, Vivek Ramaswamy, Christie, Ramaswamy, Barack Obama, Hurricane Idalia, Ron DeSantis, DeSantis, Joe Biden, Hurricane Ian, Biden, Weeks, Idalia, Biden's, Ian, Jeremy Redfern, Bill Palatucci, there's, Beth Hansen, John Kasich's, Donald Trump, Trump, Hansen, " Hansen, James Uthmeier, Christina Pushaw, Ben Shapiro, Andrew Romeo, Saturday's, Palatucci Organizations: Republican, Democratic, White, pats, Hurricane, Gov, DeSantis, NBC, FEMA, GOP, Biden, Democrat, Ohio Gov, Daily, Wednesday Locations: New Jersey, Florida, Hurricane, Jacksonville, Iowa, Tallahassee
U.S. President Joe Biden speaks about the destruction caused by Hurricane Ian and relief efforts as he visits Fisherman's Wharf while touring hurricane-damaged areas, joined by first lady Jill Biden, Florida Governor Ron DeSantis and his wife Casey DeSantis, in Fort Myers Beach, Florida, U.S., October 5, 2022. Biden, a Democrat who is running for re-election next year, told reporters at the White House on Friday that he would see DeSantis, who is running for the Republican presidential nomination to challenge Biden in 2024, during the trip. The White House said Biden and his wife, Jill, would meet with members of the community affected by the storm. This is about taking care of the people of his state," Biden told reporters on Wednesday. He plans to visit Florida before flying to his home state of Delaware for the weekend.
Persons: Joe Biden, Hurricane, Jill Biden, Ron DeSantis, Casey DeSantis, Evelyn Hockstein, Biden, Jeremy Redfern, Redfern, Jill, Emilie Simons, DeSantis, Chris Christie, Barack Obama, superstorm Sandy, Jeff Mason, Trevor Hunnicutt, Susan Heavey, Doina Chiacu, Jonathan Oatis Organizations: REUTERS, Rights, Republican, Democrat, White, FEMA, Federal Emergency Management Agency, Former New Jersey, Thomson Locations: Fisherman's, Florida, Fort Myers Beach , Florida, U.S, Washington, Delaware
A view of a damaged house after the arrival of Hurricane Idalia, in Cedar Key, Florida, U.S., August 31, 2023. REUTERS/Marco Bello Acquire Licensing RightsAug 31 (Reuters) - Florida-only insurers such as Citizens Property Insurance anticipate fewer losses from Hurricane Idalia than from previous storms in the state, even as industry experts expect further insurer pullback from the market. "This certainly will not help with ongoing challenges to Florida's insurance market, but it could have been a lot worse," said Steve Bowen, chief science officer at reinsurer broker Gallagher Re. The top 10 U.S. homeowners insurers such as State Farm and Allstate Corp (ALL.N) average only about 4.1% of their premiums in Florida, Moody's said. Reuters GraphicsThe exit of insurers from Florida comes amid a broader pullback from the market, including from reinsurers, according to an Aug. 24 Fitch report.
Persons: Hurricane Idalia, Marco Bello, Ian, Idalia, Moody's, Steve Bowen, Gallagher, Fitch, Noor Zainab Hussain, Manya, Matt Tracy, Shinjini Ganguli, Megan Davies, Matthew Lewis Organizations: REUTERS, Property Insurance, Hurricane, Reuters, Citizens, UBS, Insurance Information Institute, Gallagher Re, Farmers Insurance, Bankers Insurance, Lexington Insurance, AIG, Farmers, Bankers, Farm, Allstate Corp, Insurance, Institute, Manya Saini, Thomson Locations: Cedar Key , Florida, U.S, Florida, Florida's, Coast, Tampa Bay, Jacksonville, Idalia, USA, Lexington, reinsurers, South Carolina, Bengaluru, Washington
WASHINGTON, Aug 31 (Reuters) - Residents of Florida were largely spared a devastating blow from Hurricane Idalia this week, and Florida Governor Ron DeSantis also appeared to avoid the political peril that could have hurt his campaign for the 2024 Republican presidential nomination. DeSantis faced a similar test this week when he suspended his campaign to oversee his state's response to Hurricane Idalia. "The real work comes post-storm, and seeing what the damage is and how he reacts," Christian Ziegler, the head of the Florida Republican Party, told Reuters. In the lead-up to the storm, DeSantis held several press conferences per day, always flanked by a bevy of emergency response officials. On the other side, Republican Florida Governor Rick Scott touted his response to 2017's Hurricane Irma in a successful bid for U.S. Senate the following year.
Persons: Ron DeSantis, DeSantis, Hurricane Ian, Ian, Idalia, Donald Trump, Christian Ziegler, Joe Biden, Chip Roy, Ford O'Connell, Rick Scott, Irma, Barack Obama's, Sandy, Jeffrey Rumlin, Katrina, Gram Slattery, Ross Colvin, Andy Sullivan Organizations: Republican, Florida Republican Party, Reuters, Governors, Florida Republican, U.S, Senate, Thomson Locations: Florida, Idalia, New Orleans, Republican Florida, Jacksonville
PERRY, Florida, Aug 31 (Reuters) - Cleanup and recovery from Hurricane Idalia began on Thursday along Florida's Gulf Coast, where property damage, loss of life and power disruptions paled in comparison to the last major hurricane that struck the state nearly a year ago. "The bad news type calls we were accustomed to during Ian, those were not happening during this storm," DeSantis said at a late-afternoon news conference on Wednesday. Florida Highway Patrol reported that two motorists had died in separate rain-related crashes early Wednesday before Idalia made landfall. Reuters Graphics[1/3]A vehicle is seen in a canal after the arrival of Hurricane Idalia in Horseshoe Beach, Florida, U.S., August 30, 2023. The same region, featuring a marshy coast and threaded with freshwater springs and rivers, was devastated by a major hurricane in 1896.
Persons: Hurricane Idalia, Idalia, Ron DeSantis, Perry, Ian, DeSantis, Cheney Orr, Jared Perdue, Casey DeSantis, Maria Alejandra Cardona, Marco Bello, Joey Roulette, Rich McKay, Brendan O'Brien, Brad Brooks, Kanishka Singh, Jeff Mason, Nandita Bose, Steve Gorman, Michael Perry Organizations: Hurricane, National Guard, UBS, Florida Highway Patrol, Reuters, REUTERS, HIT, state's Transportation Department, Reuters Graphics Reuters, National Hurricane Center, NHC, Thomson Locations: PERRY, Florida, Gulf Coast, Keaton, Florida's Big Bend, Taylor, Hernando counties, St . Petersburg, Georgia, Horseshoe Beach , Florida, U.S, Florida's, Big Bend, Gulf, Gainesville, Tallahassee, Bend, Hillsborough County, Tampa, Gulf of Mexico, Cuba, South Carolina, North Carolina, Steinhatchee , Florida, Cedar Key , Florida, Tampa , Florida, Atlanta, Chicago, Longmont , Colorado, Washington
U.S. President Joe Biden and first lady Jill Biden walk next to Florida governor Ron DeSantis as they tour Hurricane Ian destruction during a visit to Florida, in Fort Myers Beach, Florida, U.S., October 5, 2022. REUTERS/Evelyn Hockstein/File photo Acquire Licensing RightsWASHINGTON, Aug 31 (Reuters) - U.S. President Joe Biden called Florida Governor Ron DeSantis on Thursday to convey that he signed a major disaster declaration and ordered all federal resources to help with the response to tropical storm Idalia, the White House said. Reporting by Andrea Shalal, writing by Kanishka SinghOur Standards: The Thomson Reuters Trust Principles.
Persons: Joe Biden, Jill Biden, Ron DeSantis, Ian, Evelyn Hockstein, Andrea Shalal, Kanishka Singh Organizations: REUTERS, Rights, Thomson Locations: Florida, Fort Myers Beach , Florida, U.S
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
CNN —Hurricane Idalia caused billions of dollars in damage, but the price tag won’t be nearly as high as other major hurricanes, Moody’s Analytics said Thursday. According to preliminary cost estimates from Moody’s, Hurricane Idalia caused between $12 billion and $20 billion in damage and lost output. For context, Hurricane Ian, which made landfall in Western Florida last year as a Category 4 storm, caused an estimated $112.9 billion of total damage in the United States, according to the National Hurricane Center. Not only that, but Kamins notes that property values in the Big Bend are lower than the rest of the state. Moody’s RMS plans to release official estimates of insured losses in the next two weeks.
Persons: Idalia, Ian, Adam Kamins, Kamins, ” Kamins Organizations: CNN, National Hurricane Center, Moody’s Locations: Moody’s, Western Florida, United States, Florida’s Big Bend
Idalia to boost Florida apartment insurance costs further
  + stars: | 2023-08-31 | by ( Matt Tracy | ) www.reuters.com   time to read: +5 min
Costs have risen the most on multifamily properties such as apartments and condos, according to industry executives and data from credit ratings agency Moody's. Property insurance costs to multifamily assets in Florida have gone up anywhere from 30% to 70% in the past year, and are even higher for those with prior losses, non-renewing insurance carriers or valuation issues, she said. Nationally, CRE properties' insurance costs have grown roughly 7.6% annually on average since 2017, according to an August Moody's report. RENTS, CAP RATESRising insurance premiums on multifamily properties have contributed, among other factors, to rent increases in Florida and elsewhere, said three industry executives. Insurance costs are also forcing CRE lenders to boost due diligence on refinancing and when pricing deals on apartment blocks, executives said.
Persons: Daniel Hokanson, Ian, Kevin, Idalia, Walker, Dunlop, you’re, Willy Walker, multifamily, Ryan Barber, Marsh, Martha Bane, Gallagher, Bane, Matt Tracy, Michelle Price, Marguerita Choy Organizations: U.S . Army National Guard, . National Guard Bureau, REUTERS, Florida, Carolinas, Reuters, Walker, UBS, Insurance, Thomson Locations: Fort Myers, Fort Myers , Florida, U.S, Hawaii's, Maui, Lahaina, California, Florida, Miami, Tampa, Orlando
This story is part of CNBC Make It's Millennial Money series, which details how people around the world earn, spend and save their money. Ethan Nguonly, 22, is a software engineer at Google living in Orange County, California. Living in Orange County, California, Nguonly aims to spend intentionally in order to put as much money as he can toward his investments. Tristan Pelletier | CNBC Make ItAbout a year after buying his investment property, Nguonly purchased his primary residence in La Palma, California. While he's kept a significant amount of money in crypto, Nguonly now mainly focuses on investing in ETFs and real estate.
Persons: Ethan Nguonly, it's, he's, Nguonly, Tristan Pelletier, Nguonly's, I'm, Ethan Nguonly Nguonly's, lockdowns, couldn't, — Nguonly, It's, it'd, didn't, Sakura, takeout, you've, there's Organizations: CNBC, FIRE, Google, University of California, UC Berkeley, Transportation, Spotify Locations: Orange County , California, Florida, California, Berkeley, Qualtrics, Virginia, Riverview , Florida, Riverview, Hurricane, La Palma , California, Orange County, New York, Singapore, Cambodia
Thomas Simonetti/The Washington Post/Getty ImagesA view of the flooding in Cedar Key, Florida, on August 30, 2023. Julio Cesar Chavez/ReutersPhotos on the Cedar Key Fire Rescue Facebook account showing some of the early destruction. And unlike Key West, Cedar Key has avoided high-end commercial development along its shores and remains a low-key spot. What Idalia did to Cedar KeyA vehicle was partially submerged after the arrival of Hurricane Idalia in Cedar Key on Wednesday. “Everything is flooded,” Shely Boivin, the manager of a beachfront motel in Cedar Key, told CNN.
Persons: CNN —, , Idalia, ” Michael Bobbitt, CNN’s John Berman, Thomas Simonetti, Julio Cesar Chavez, Bobbitt, , John Muir, ” Muir, Leslie Sturmer, Julio, Cesar Chavez, Reuters Levy, Mayor Heath Davis, “ We’re, ” Bobbitt, ” Heather Greenwood, CNN’s Carlos Suarez, Sean Rayford, Cheney Orr, Reuters Jewell Baggett, Cristobal Herrera, Ulashkevich, EFE, 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, Shely Boivin, ” Boivin, , John MacDonald Organizations: CNN, Rescue, Washington Post, Key, USA’s, University of Florida Institute of Food, Agricultural Sciences, WUFT, Reuters, Mayor, Tampa Bay Times, ZUMA Press, Press, 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, Idalia, Southwest Airlines, Tampa International Airport, Reuters Home Depot, Reuters Fort Myers, Emergency Locations: Key , Florida, Gulf of Mexico, Cedar, Mexico, Dock, Horseshoe Beach , Florida, Bend, Tampa, Perry , Florida, Keaton Beach , Florida, Horseshoe Beach, 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, Levy
A stormy forecast for insuranceHurricane Idalia, strengthened to a Category 3 storm on Wednesday morning, packing soaking rains and destructive winds of up to 125 miles per hour, as it lumbers toward the Florida coastline. Such disasters are becoming more common — and more costly — each year, sending insurance costs soaring for homeowners and businesses. Some firms doubt they can continue to cope with such superstorms, while others have limited their business in the state. One of their big complaints: State regulations prevent them from raising prices for customers, they say, forcing them to say no to new policies. Florida’s woes reflect a nationwide problem, one that is expected to intensify as climate change unleashes more extreme weather events.
Persons: Hurricane, Ian Organizations: Carolinas, Insurance, Insurance Information Institute Locations: Florida, Coast, Georgia
Frequent weather catastrophes, induced in part by climate change, are bearing down on homeowners and would-be buyers. Here's how consumers can navigate the home insurance market amid increasing climate-driven weather risks:The home insurance market disruption is going to get worseThings are likely to get worse for homeowners and would-be buyers. Also in June, Farmers Insurance became the latest insurer to pull out of Florida, a market that's been roiled with turmoil for many years. Policyholders should expect to pay moreThe average cost of homeowners insurance nationwide is $2,777 a year, with rates varying by state, according to Insurance.com, a consumer comparison service. Already, some homeowners are choosing to roll the dice on ownership without insurance rather than pay increasing premiums.
Persons: Hurricane Ian, Idalia, Ian —, John Dickson, David A, Sampson, , George Hosfield, Rich Sorkin, Stephen Bennett Organizations: Global, Aon, American, Casualty Insurance Association . Insurance, LexisNexis, Allstate, Farmers Insurance, Jupiter Intelligence Locations: Pine, Hurricane, Matlacha , Florida, Florida, California, Cuba, Oklahoma, Hawaii, Arkansas, Louisiana , Nebraska , Iowa , Kansas , Oklahoma , Illinois, Kentucky, Tennessee
How to Track a Hurricane
  + stars: | 2023-08-29 | by ( Judson Jones | More About Judson Jones | ) www.nytimes.com   time to read: +1 min
Hurricane Idalia continued to build strength over the Gulf of Mexico’s abnormally warm waters on Tuesday, taking aim at a vulnerable but sparsely populated portion of Florida’s coastline known as the Big Bend, where the peninsula curves west into the Panhandle. My colleagues and I on The Times’s Weather desk just redesigned our hurricane tracker with detailed information about the storm’s path and severity. In today’s newsletter, I’m going to tell you how best to track a hurricane’s progress, especially if you’re in its path. But people often misinterpret these maps, thinking they’ll be safe if they live just outside the cone, for example. Nearly a year ago, officials in Florida’s Lee County saw they were on the edge of the cone of uncertainty for Hurricane Ian and delayed an order to evacuate, with devastating consequences.
Persons: Idalia, they’ll, Hurricane Ian Locations: Bend, Tallahassee, Tampa, Florida’s Lee
The result could be a big blow to a state still dealing with lingering damage from last year's Hurricane Ian. She had a message for the almost 900 residents who were under mandatory orders to evacuate the island near the coast of the Big Bend region. More than a dozen state troopers went door to door warning residents that storm surge could rise as high as 15 feet (4.5 meters). At 2 p.m. EDT Tuesday, Idalia was about 240 miles (390 kilometers) south-southwest of Tampa, with maximum sustained winds of 90 mph (150 kph), the National Hurricane Center said. Idalia's initial squalls were being felt in the Florida Keys and the southwestern coast of Florida on Tuesday afternoon, including at Clearwater Beach.
Persons: Idalia, Ian, Sue Colson, Colson, Andy Bair, Hurricane Hermine, Bair, we're, Ron DeSantis, Brian Kemp, Russell Guess, Brian McNoldy, McNoldy Organizations: National Weather Service, Cedar Key, City, National Hurricane Center, Florida Keys, Clearwater Beach . Workers, Carolinas, . Georgia Gov, National Guard, Cunningham Tree Service, University of Florida, MacDill Air Force Base, Tampa Bay, Busch Gardens, United Launch Alliance, Atmospheric Administration, University of Miami Locations: Coast, Gulf, Mexico, Florida, Tallahassee, Bend, Cedar, Tarpon Springs, Tampa, Clearwater Beach, Georgia, Valdosta , Georgia, Cuba, Pinar del Rio, Hawaii, Canada, Greece, California, Vermont, Gainesville
CNN —With the eyes of the country on Hurricane Idalia as it spins toward Florida’s Gulf Coast, Florida Gov. Ron DeSantis’ presidential ambitions are also under the spotlight as he puts his campaign on hold to manage the crisis at home. The Florida governor is also staving off a field of GOP contenders, who must now also balance sensitivities around Hurricane Idalia with their attempts to overcome DeSantis in the polls. DeSantis has also asserted that he could send his “Florida people” to the southern border to build a wall. “The governor of our state of Florida has created an environment ripe for this.”
Persons: Ron DeSantis, DeSantis, ” DeSantis, Ian, Republican Rick Scott, Hurricane Michael, Bill Nelson, Scott, Jeb Bush, George W, Bush, Chris Christie, Christie, , , Alex Conant, Florida Sen, Marco Rubio’s, Andrew Romeo, ” Romeo, Hurricane Ian, Joe Biden –, Biden, Joe Biden, Saul Young, Donald Trump, Todd Belt, Angie Nixon Organizations: CNN, Gulf Coast , Florida Gov, Republican, White, Hurricane, US, GOP Gov, GOP, Knoxville News Sentinel, George Washington University, Democrats, Trump, ” Democratic, Jacksonville Locations: Gulf Coast , Florida, Tallahassee, Iowa, Florida, New Jersey, New Hampshire, Hawaii, Fort Myers Beach , Florida, Lee County, Florida’s Big, Jacksonville, DeSantis
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