Flood Insurance System Requires Urgent Fixes Tampa Area
More and more homeowners lack coverage they can’t afford or aren’t even aware they need.
It mostly comes down to flood insurance — or the lack thereof.
Less than 2.5% of homes in Helene’s path were insured against rising waters, Bloomberg News reported. In Buncombe County, North Carolina, where hard-hit Asheville is situated, just 0.7% of homes had flood insurance, according to an NBC News estimate.
In fact, only about 4% of all US homeowners have flood insurance, according to FEMA, mainly through its insurance program.
Even in areas at high risk of flooding, less than a third of homes are insured against rising waters, according to a 2018 estimate by the Wharton School.
Mark Gongloff Bloomberg 8 October 2024
Hurricane Milton Barrels Toward Florida
https://englundmacro.blogspot.com/2024/10/hurricane-milton-barrels-toward-florida.html
Florida, why is Tampa Bay so vulnerable to hurricanes?
Associated Press 7 October 2024
https://apnews.com/article/hurricane-milton-tampa-bay-ace324900762a0e3c385830f3cf1479b
Why the Tampa Area Is So Vulnerable to a Hurricane
Milton poses an unusual threat to the region, which has been developed on low-lying ground and is still reeling from the effects of Helene
Wall Street Journal 8 October 2024
Tillbaka till Wall Street och Stockholm 8 oktober 2024
https://englundmacro.blogspot.com/2024/10/wall-street-och-stockholm-8-oktober-2024.html
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