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U.S. flood insurance program sees $11 billion payments for Texas flooding


WASHINGTON (Reuters) - The U.S. federal flood insurance program estimates it will make $11 billion in payments through the government-run program for flooding in Texas caused by Hurricane Harvey, the program's administrator Roy Wright said on Wednesday. (Reuters US News) More More

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Posted on 18 June 2018 | 9:53 pm | Google News

In Houston's flooded neighborhoods, real estate investors see an opportunity - Houston Chronicle


Houston Chronicle

In Houston's flooded neighborhoods, real estate investors see an opportunity
Houston Chronicle
And they're leaning on the taxpayer-funded National Flood Insurance Program to protect them from future floods. "All we're doing is perpetuating a ... The $4.6 billion Tricon Capital Group, of Toronto, wants to spend $600 million in Texas before the ...

Posted on 10 May 2018 | 9:05 am | Google News

Megadisasters devastated America in 2017. And they're only going to get worse. - Vox


Vox

Megadisasters devastated America in 2017. And they're only going to get worse.
Vox
The National Oceanic and Atmospheric Administration, which tracks billion-dollar disasters, reported in January that the record total came from 16 separate events with damages exceeding $1 billion. .... These are the types of storms climate scientists ...
Thomas Fire - Cal Fire - State of CaliforniaCal Fire - State of California

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Posted on 28 December 2017 | 10:27 am | Google News

Build, flood, rebuild: flood insurance's expensive cycle - Houston Chronicle


Houston Chronicle

Build, flood, rebuild: flood insurance's expensive cycle
Houston Chronicle
The National Flood Insurance Program was supposed to discourage development in flood-prone areas, but new development has spread across flood plains, including thousands of homes in the Houston area that flooded during Hurricane Harvey. It was designed ...

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Posted on 9 December 2017 | 4:56 pm | Google News

How much has been raised for Harvey relief — and how's it being spent? - Texas Tribune


Texas Tribune

How much has been raised for Harvey relief — and how's it being spent?
Texas Tribune
Three months after the Category 4 storm slammed into the Texas gulf coast and set off unprecedented flooding in southeastern parts of the state, the tab for Hurricane Harvey recovery is still growing. Texas ... About $186 million has gone to pay for ...

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Posted on 28 November 2017 | 1:13 am | Google News

A Broke, and Broken, Flood Insurance Program - New York Times


New York Times

A Broke, and Broken, Flood Insurance Program
New York Times
... to pay for repairs to make it habitable for his wife and three children. He owes more than the house is worth, and his flood-insurance premiums just went up. The government-run National Flood Insurance Program is, for now, virtually the only source ...

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Posted on 4 November 2017 | 12:27 pm | Google News

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