As climate-intensified storms expose the limitations of FEMA’s outdated flood maps, millions of Americans may face flood risks without adequate insurance protection, especially in areas prone to heavy rainfall.
Hurricane Milton, set to make landfall as a Category 3 storm, could bring catastrophic impacts to Florida’s Gulf Coast, particularly the Tampa area, just two weeks after Hurricane Helene’s devastation.
Hurricane Milton, now a powerful Category 4 storm, is set to make landfall midweek in Florida, bringing life-threatening storm surges, heavy rain, and strong winds.
As flood risk intensifies, the National Flood Insurance Program is issuing more repeat payouts, with severe repetitive loss properties surging across the U.S., especially in coastal areas vulnerable to storms.
Hurricane Helene’s estimated insured losses range between $5 billion and $9 billion, but S&P Global believes the event will affect earnings without jeopardizing the capital of US property and casualty insurers.
FEMA is running low on disaster relief funds as it responds to Hurricane Helene, which caused severe damage across several Southeastern states. Congress may need to pass additional funding to sustain relief efforts.
U.S. dockworkers have suspended their strike after reaching a tentative agreement with terminal operators, securing a wage increase and agreeing to continue negotiations in January.
Insurance agents in Asheville, North Carolina, report unprecedented inland damage from Hurricane Helene, with widespread flooding, fallen trees, and road closures hampering recovery efforts.
Hurricane Helene’s unprecedented inland devastation highlights the growing danger of the "brown-ocean effect," a phenomenon that may allow future hurricanes to retain strength as they move further inland.
Economic estimates for Hurricane Helene project up to $160 billion in damage, driven by widespread infrastructure failure, property loss, business disruption, and long-term recovery costs.
Hurricane Helene’s catastrophic flooding from Florida to North Carolina exposes the serious lack of flood insurance coverage among homeowners, especially in inland areas, highlighting the increasing risks from extreme weather events.
Hurricane Helene is intensifying as it heads toward Florida’s Gulf Coast, threatening life-threatening storm surges, widespread flooding, and strong winds that will reach far inland across the Southeast.
Hurricane Helene is forecast to intensify rapidly as it nears Florida, with major impacts expected across the Southeast, including extreme winds, flooding, and widespread storm surge.
The impact of climate change is becoming more visible worldwide, with intensifying wildfires, severe droughts, and devastating floods affecting regions from Brazil to Southeast Asia.
The North Carolina Supreme Court upheld a ruling that a mailed cancellation notice met state requirements, effectively voiding a homeowner’s insurance policy weeks before a fire destroyed the property.