The rate hikes were part of the 2012 Biggert - Waters law, which had set out to gradually phase out flood insurance subsidies in an effort to shore up finances for the National Flood Insurance Program, which stands about $ 24 billion in debt, mainly due to
catastrophic storms like Hurricane Katrina in 2005.
To limit their exposure to
catastrophic storms, insurance companies sell policies with a hurricane deductible — one that, in some cases, is much higher than the standard one for homeowners insurance policies.
The same may be true for other midwestern states prone to
catastrophic storms.
Not only do the economic climate models need to predict policy shifts, population growth, and the pace and type of climate changes to come — more droughts, more severe storms, higher temperatures in some places and lower in others, etc. — but they also try to quantify things such as agricultural and forestry losses, damage from
catastrophic storms, utility costs, savings from efficiency improvements, water shortages, and sometimes even the economic consequences of refugee flows.
It isn't just
the catastrophic storms and tropical cyclones that threaten disaster for the world's coastal cities.
«In parts of New York City and elsewhere, homeowners are dealing with flooded basements, salt - poisoned yards and falling property values, not only because of
catastrophic storms, but because tides, aided by sea level rise, now cause flooding where they live.»
The FMI study also found that the worsening of
the catastrophic storms is a wintertime (December - February) phenomenon, whereas the intensity of the strongest autumn storms has decreased since 1990.
The first in a series of
catastrophic storms, Harvey struck the heart of the U.S. petrochemical industry, leading to widespread flooding of oil and gas infrastructure, toxic chemical spills and adverse short -LSB-...]
Nov. 2, 5:36 p.m. Updated below I was happy this afternoon to see New York City Mayor Michael R. Bloomberg choose what I consider very wise language on climate and
catastrophic storms in his Bloomberg View piece endorsing President Obama:
The catastrophic storms tore through the area, wiping away homes, business and shelters, crippling the economy and cutting short the lives of too many innocent humans and animals.
And when one of the most
catastrophic storms to ever hit New York City, Hurricane Sandy, once again the animals of the city Animal Care and Control centers needed our help.
The same may be true for other midwestern states prone to
catastrophic storms.
The FMI study also found that the worsening of
the catastrophic storms is a wintertime (December - February) phenomenon, whereas the intensity of the strongest autumn storms has decreased since 1990.
Please consider helping Leaders affected by the recent
catastrophic storms and fires by donating to the LLL Alliance Heart to Heart Fund.
The storm, a record - breaker that made landfall in Florida as a Category 4, did not end up delivering on some of worst predictions of
catastrophic storm surge to vulnerable urban areas like Tampa and Miami.
Needless to say,
another catastrophic storm in a two - week period would add salt to a wound and further strain the disaster relief resources of the federal government and groups like the Red Cross already stretched thin with the response to Harvey.
The thought of facing
a catastrophic storm, the inability to communicate with loved ones in harm's way, or even something as non-life threatening as an extra, ahem, interesting relative at the Thanksgiving dinner table made me realize how much I rely on the people around me to see me through times that pump cortisol into my system.
«Hurricane Maria was, and I will not mince words,
a catastrophic storm,» John Rabin, regional administrator for FEMA, said in a call with reporters.
«As
this catastrophic storm ravages Houston and southeast Texas, NYSUT stands with educators, students and their families in mourning the heart - breaking losses there.
It's been just shy of eight months since Hurricane Maria tore through Puerto Rico, and now its inhabitants anxiously await another potentially
catastrophic storm season.
Simply put, it is never just one stressor but typically three stressors that come together like storm fronts that combine with a synergy of power and initiate a once - in - a-century
catastrophic storm.
It's been just shy of eight months since Hurricane Maria tore through Puerto Rico, and now its inhabitants anxiously await another potentially
catastrophic storm season.
The national organizations collaborated with Wings of Rescue to help transport the animals displaced by
the catastrophic storm with animal shelters throughout Florida where they will be made available for adoption.
Imagine the worst has happened:
a catastrophic storm requires residents to evacuate their homes immediately, but the beloved family pet or service animal can't be found.
The recovery from
a catastrophic storm of this magnitude could take years, but with your generous support we can continue to do our part to help.
All of the money raised through the fund will be sent directly to CTO - member destinations affected by
the catastrophic storm, which hit some countries with winds up to 185 mph.
Florida Governor Rick Scott issues a stark warning to residents saying Hurricane Irma is a «
catastrophic storm» that is «wider than the entire state.»
Hurricane Andrew in 1992 was
a catastrophic storm for south Florida yet it was really the only storm of major significance that year.
And last year
a catastrophic storm from last fall hit Bangladesh.
The ocean warming that might increase the threat of
a catastrophic storm could also create the conditions for a natural defensive barrier.
«In addition, safeguarded farmland will continue providing healthy local produce and mitigating climate - change impacts of transporting food around the globe, while conserved wetlands improve the quality of our air and water and serve as buffers from potentially
catastrophic storm surges predicted under current climate - change scenarios,» he added.
Standard property policies require the insured to mitigate the physical damage and business interruption arising from
a catastrophic storm.
Due to its tremendous size, Sandy drove
a catastrophic storm surge into the New Jersey and New York coastlines, making Sandy the second most costly cyclone to hit the U.S. since 1900.
Texas is the most likely state to be hit by a tornado, and few homeowners in the metropolitan area can expect to escape damage during
a catastrophic storm.
Less than one year after Hurricane Katrina — and in the midst of severe flooding in sections of the Northeast — the U.S. House of Representatives has passed federal flood insurance reforms that the NATIONAL ASSOCIATION OF REALTORS ® says could help protect millions of home owners from financial devastation should
another catastrophic storm hit.
The U.S. House of Representatives has passed federal flood insurance reforms that the NATIONAL ASSOCIATION OF REALTORS ® says could help protect millions of home owners from financial devastation should
another catastrophic storm hit.
Not exact matches
Harvey's devastating hurricane - force winds,
storm surge on the Gulf Coast, and landmark flooding inland combined to make it a
catastrophic event for Texas.
The
storm turning slowly in the Gulf of Mexico has brought
catastrophic flooding to Texas, killing at least 12 people and paralyzing Houston, America's fourth most populous city.
As Hurricane Maria made landfall in Puerto Rico early Wednesday morning, the powerful Category 4
storm is expected to leave «
catastrophic damage» with winds up to 155 mph, according to the National Weather Service.
Still, Florida Governor Rick Scott has called the
storm «
catastrophic» and encouraged residents to prepare for its arrival.
During Hurricane Harvey, we saw how a city's layout can worsen the effects of a
storm, as Houston's urban sprawl and scant zoning likely set the stage for
catastrophic flooding.
Hurricane Irma, one of the most powerful Atlantic
storms in a century, churned across northern Caribbean islands on Wednesday with a
catastrophic mix of fierce winds, surf and rain, en route to a possible Florida landfall at the weekend.
Homeowners insurance policies can cover minor incidents including a leaking roof and faulty plumbing; and,
catastrophic damage, as from a
storm.
Trump is scheduled to visit
storm - ravaged Texas tomorrow, though torrential rain and
catastrophic flooding are expected to continue for several days.
He added that the
storm would have been far more
catastrophic had the state not taken the steps it did for upstate, which included drawing down water levels in some reservoirs and evacuating camp grounds.
Hurricane Maria caused
catastrophic damage to Puerto Rico when it hit as a Category 4
storm Sept. 20 with winds of up to 154 mph.
But few authorities are planning for
catastrophic solar
storms — gigantic eruptions of mass and energy from the sun that disrupt Earth's magnetic field.
A once - in - a-century
storm could cripple large parts of the power delivery system, with potentially
catastrophic consequences, federal experts warn.
«The rainfall itself is probably way out in the ocean, but the
storm surge would be
catastrophic.»
Given the potential for
catastrophic sea level rise or
storms, this low - lying nation is investing in ways to «climate - proof» the country.