Re: How does Florida recover.
Posted: Sun Oct 02, 2022 7:32 am
Good article; thanks YA.youthathletics wrote: ↑Sat Oct 01, 2022 12:45 pm A much more rational accounting: https://www.tampabay.com/hurricane/2022 ... utType=amp
Same Party, Different House
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Good article; thanks YA.youthathletics wrote: ↑Sat Oct 01, 2022 12:45 pm A much more rational accounting: https://www.tampabay.com/hurricane/2022 ... utType=amp
It’s not easy.youthathletics wrote: ↑Sat Oct 01, 2022 12:45 pm A much more rational accounting: https://www.tampabay.com/hurricane/2022 ... utType=amp
Been a long time coming. I mentioned a few years ago that insurance companies understand the risk of climate change and increased premiums will reflect it…..but Al Gore can make money off of it.Farfromgeneva wrote: ↑Sun Oct 02, 2022 9:59 am Flood Insurance Fell in Florida Before Hurricane Ian Struck
Only a small number of residences in two of state’s hardest-hit inland counties have coverage
By Leslie ScismFollow
and Cameron McWhirterFollow
Updated Oct. 1, 2022 1:08 pm ET
Only a small number of residences in two of Florida’s hardest-hit inland counties are covered by flood insurance. The percentage of protected homes is higher in coastal areas that sustained the most damage, but still, is over 50% in just one of the affected counties, according to an analysis by Neptune Flood, a private-sector flood-insurance provider.
In all locations pummeled by Ian, the percentage of homes covered by flood policies is down from five years ago.
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The widespread lack of flood insurance will force many people to seek federal disaster assistance in the form of grants and loans. This will slow efforts to rebuild as people patch together funds. That is what happened after extensive flooding in Houston from Hurricane Harvey in 2017.
Flood coverage isn’t part of a standard homeowner’s policy. Flooding has emerged in recent years as a more serious risk after storms such as Harvey and Sandy, which dumped record amounts of rain on the Northeast in 2012. Rising temperatures appear to be a factor. Warmer air holds more moisture and warmer oceans give storms more energy.
The 15 inches of rain that fell at the Sanford Orlando International Airport in Seminole was 50% higher than the previous record of 10 inches in 24 hours set in 1992, according to the National Weather Service. Florida Gov. Ron DeSantis called Ian “basically, a 500-year flood event.”
Flooding, as seen in Orlando, has emerged as a more serious risk with storms like Harvey and Sandy dumping record rains.Photo: PHOTO: Gerardo Mora/Getty Images
When Amber Thorne woke up Thursday in Sanford in Seminole County, she was stunned to find that a creek overflowed and flooded her yard. She doesn’t have flood insurance for her two-bedroom house. “I’m regretting not having it,” she said.
About 97% of residences in Seminole County and 98% in Orange County, home to Orlando, don’t have flood insurance, according to Neptune. Neptune Chief Executive Trevor Burgess said that based on policies his company sells statewide, in general about a third of the residential properties in Florida’s inland counties are identified on government maps as at high risk of flooding. That compares with 85% for many coastal counties.
Risk-modeler Karen Clark & Co. on Friday estimated that the privately insured loss from Hurricane Ian would be close to $63 billion, including wind, storm surge and inland flood damages, while total economic damage will be well over $100 billion, including uninsured properties, damage to infrastructure and cleanup costs.
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Ian’s landfall was outside Fort Myers in Lee County, some 150 miles from Ms. Thorne’s property. Some of the worst storm surge damage occurred in Lee, where about 28% of housing units are covered by flood policies, Neptune’s analysis shows.
Residential flood-insurance policies relative to housing units
Received 10 inches or more
of rainfall on Sept. 29
Hurricane Ian’s path
Sources: Neptune Flood Insurance (flood insurance); NOAA (rainfall and hurricane path)
In nearby Charlotte County and Collier County, home to Naples, 31% and 41% of homes, respectively, have flood insurance. Monroe County, at the bottom of Florida, has one of the state’s highest take-up rates, at 53%.
The U.S. government’s National Flood Insurance Program, managed by the Federal Emergency Management Agency, is by far the biggest seller of the policies. Private-sector options are becoming more available.
Across Florida over the past five years, the portion of homes covered by flood policies has declined, to 15.4% in August from 17.8% in 2017.
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Insurance agents and executives attribute some of the decline over the past year to rising inflation generally and double-digit increases in Florida homeowners policies. Another factor is price increases for federal flood insurance for many homes, to more accurately reflect the true flooding risk. Some rates will jump from hundreds of dollars annually to thousands of dollars, though most increases are capped at 18% a year.
Lenders require flood coverage for borrowers who live in designated high-risk zones.
People in Florida woke up to widespread destruction and flooding on Thursday after Hurricane Ian made landfall a day earlier. Ian had weakened to a tropical storm, but strengthened back into a hurricane as it moved north toward Georgia and the Carolinas. Photo: Giorgio Viera/AFP/Getty Images
Another reason for declining uptake in recent years in Florida is that a large number of people moving to the state have paid cash for their homes. “No mortgage, no requirement,” said Neptune’s Mr. Burgess.
“Homeowners think if they are away from the ocean or a river they can’t flood,” which is wrong, Mr. Burgess said. In fact, about a fifth of Neptune’s claims over the past five years have been in supposedly lower-risk zones, he said.
In its analysis, Neptune used government residential flood-insurance data along with its own issuance figures, and contrasted them against U.S. Census housing data. Other private-sector insurers, with generally small totals, aren’t reflected in the tallies.
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SHARE YOUR THOUGHTS
How do you think Hurricane Ian will change the rates of insurance coverage in Florida? Join the conversation below.
Harrison Froid, an agent in Pinellas County in the Tampa area for Goosehead Insurance, said most clients buying homes decline the purchase of flood coverage. If not required by their lender, “they say, ‘I’ll circle back to you after closing,’ ” Mr. Froid said, and generally don’t.
Michael Bristol, an engineer who lives with his wife in a double-wide mobile home on 10 acres with a horse stable in Seminole County, spent Thursday afternoon cleaning up branches and other debris from their sodden yard. A creek had overflowed, and the road was impassable near the couple’s property. Ditches churned with water.
Mr. Bristol says the property escaped serious damage. He had skipped flood insurance as “just too cost prohibitive,” and he doesn’t see that changing. He said his plan is to “keep a decent amount in savings and hope for the best…You know, fingers crossed.”
Write to Leslie Scism at [email protected] and Cameron McWhirter at [email protected]
Hurricane Ian
Coverage of the storm and its aftermath, selected by the editors
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Take a nap Brooklyn, you are just too dang cranky.Brooklyn wrote: ↑Sun Oct 02, 2022 12:33 pm I believe there was a news report a few months ago about Florida having a massive surplus. Something in the area of $20+ billion or so. With that in mind you have to wonder why DeSatan begged Biden for a federal handout for flood relief and why the hell did he give it to him???
Everybody knows that wealthy people and corporations in Florida don't pay taxes. So why the hell should they get a free ride?
Though it's indeed a good point.youthathletics wrote: ↑Sun Oct 02, 2022 1:41 pmTake a nap Brooklyn, you are just too dang cranky.Brooklyn wrote: ↑Sun Oct 02, 2022 12:33 pm I believe there was a news report a few months ago about Florida having a massive surplus. Something in the area of $20+ billion or so. With that in mind you have to wonder why DeSatan begged Biden for a federal handout for flood relief and why the hell did he give it to him???
Everybody knows that wealthy people and corporations in Florida don't pay taxes. So why the hell should they get a free ride?
looks like you need a nap also.MDlaxfan76 wrote: ↑Sun Oct 02, 2022 2:57 pmThough it's indeed a good point.youthathletics wrote: ↑Sun Oct 02, 2022 1:41 pmTake a nap Brooklyn, you are just too dang cranky.Brooklyn wrote: ↑Sun Oct 02, 2022 12:33 pm I believe there was a news report a few months ago about Florida having a massive surplus. Something in the area of $20+ billion or so. With that in mind you have to wonder why DeSatan begged Biden for a federal handout for flood relief and why the hell did he give it to him???
Everybody knows that wealthy people and corporations in Florida don't pay taxes. So why the hell should they get a free ride?
https://www.politifact.com/factchecks/2 ... cane-sand/youthathletics wrote: ↑Sun Oct 02, 2022 3:12 pmlooks like you need a nap also.MDlaxfan76 wrote: ↑Sun Oct 02, 2022 2:57 pmThough it's indeed a good point.youthathletics wrote: ↑Sun Oct 02, 2022 1:41 pmTake a nap Brooklyn, you are just too dang cranky.Brooklyn wrote: ↑Sun Oct 02, 2022 12:33 pm I believe there was a news report a few months ago about Florida having a massive surplus. Something in the area of $20+ billion or so. With that in mind you have to wonder why DeSatan begged Biden for a federal handout for flood relief and why the hell did he give it to him???
Everybody knows that wealthy people and corporations in Florida don't pay taxes. So why the hell should they get a free ride?
So Floridians fed income tax dollars should not be used to help people. Thanks, dictators mdlax and brooksie.
Florida is a net ‘taker’ in the federal taxes paid versus federal support dollars. They get 1.24 times as much as they contribute.youthathletics wrote: ↑Sun Oct 02, 2022 3:12 pmlooks like you need a nap also.MDlaxfan76 wrote: ↑Sun Oct 02, 2022 2:57 pmThough it's indeed a good point.youthathletics wrote: ↑Sun Oct 02, 2022 1:41 pmTake a nap Brooklyn, you are just too dang cranky.Brooklyn wrote: ↑Sun Oct 02, 2022 12:33 pm I believe there was a news report a few months ago about Florida having a massive surplus. Something in the area of $20+ billion or so. With that in mind you have to wonder why DeSatan begged Biden for a federal handout for flood relief and why the hell did he give it to him???
Everybody knows that wealthy people and corporations in Florida don't pay taxes. So why the hell should they get a free ride?
So Floridians fed income tax dollars should not be used to help people. Thanks, dictators mdlax and brooksie.
Pretending like you don't remember DeSantis' vote on Sandy, are we?youthathletics wrote: ↑Sun Oct 02, 2022 3:12 pmlooks like you need a nap also.MDlaxfan76 wrote: ↑Sun Oct 02, 2022 2:57 pmThough it's indeed a good point.youthathletics wrote: ↑Sun Oct 02, 2022 1:41 pmTake a nap Brooklyn, you are just too dang cranky.Brooklyn wrote: ↑Sun Oct 02, 2022 12:33 pm I believe there was a news report a few months ago about Florida having a massive surplus. Something in the area of $20+ billion or so. With that in mind you have to wonder why DeSatan begged Biden for a federal handout for flood relief and why the hell did he give it to him???
Everybody knows that wealthy people and corporations in Florida don't pay taxes. So why the hell should they get a free ride?
So Floridians fed income tax dollars should not be used to help people. Thanks, dictators mdlax and brooksie.
Oh I remember it....Can you share with the class why there was a no vote by 'many' on that first bill? There you guys go again henpecking minutia...tisk-tisk-tisk.a fan wrote: ↑Sun Oct 02, 2022 9:00 pmPretending like you don't remember DeSantis' vote on Sandy, are we?youthathletics wrote: ↑Sun Oct 02, 2022 3:12 pmlooks like you need a nap also.MDlaxfan76 wrote: ↑Sun Oct 02, 2022 2:57 pmThough it's indeed a good point.youthathletics wrote: ↑Sun Oct 02, 2022 1:41 pmTake a nap Brooklyn, you are just too dang cranky.Brooklyn wrote: ↑Sun Oct 02, 2022 12:33 pm I believe there was a news report a few months ago about Florida having a massive surplus. Something in the area of $20+ billion or so. With that in mind you have to wonder why DeSatan begged Biden for a federal handout for flood relief and why the hell did he give it to him???
Everybody knows that wealthy people and corporations in Florida don't pay taxes. So why the hell should they get a free ride?
So Floridians fed income tax dollars should not be used to help people. Thanks, dictators mdlax and brooksie.
I wouldn't lose a wink of sleep if they cut Florida out of Hurricane aid to show Floridians what DeSantis thinks about helping people in need.
The claim is that there was non-Sandy funding included in the bill...but if I understand correctly, the "non-Sandy" was other weather disaster damage. They took the opportunity to recognize and address those "needs" as well as those directly involved with Sandy.youthathletics wrote: ↑Mon Oct 03, 2022 7:52 amOh I remember it....Can you share with the class why there was a no vote by 'many' on that first bill? There you guys go again henpecking minutia...tisk-tisk-tisk.a fan wrote: ↑Sun Oct 02, 2022 9:00 pmPretending like you don't remember DeSantis' vote on Sandy, are we?youthathletics wrote: ↑Sun Oct 02, 2022 3:12 pmlooks like you need a nap also.MDlaxfan76 wrote: ↑Sun Oct 02, 2022 2:57 pmThough it's indeed a good point.youthathletics wrote: ↑Sun Oct 02, 2022 1:41 pmTake a nap Brooklyn, you are just too dang cranky.Brooklyn wrote: ↑Sun Oct 02, 2022 12:33 pm I believe there was a news report a few months ago about Florida having a massive surplus. Something in the area of $20+ billion or so. With that in mind you have to wonder why DeSatan begged Biden for a federal handout for flood relief and why the hell did he give it to him???
Everybody knows that wealthy people and corporations in Florida don't pay taxes. So why the hell should they get a free ride?
So Floridians fed income tax dollars should not be used to help people. Thanks, dictators mdlax and brooksie.
I wouldn't lose a wink of sleep if they cut Florida out of Hurricane aid to show Floridians what DeSantis thinks about helping people in need.
Now had they voted for the first bill of close to 60bn, you'd then throw it in their face that they "are making govt' bigger", rather than patting them on the back for fiscal responsibility.
Yep.MDlaxfan76 wrote: ↑Mon Oct 03, 2022 8:36 amThe claim is that there was non-Sandy funding included in the bill...but if I understand correctly, the "non-Sandy" was other weather disaster damage. They took the opportunity to recognize and address those "needs" as well as those directly involved with Sandy.youthathletics wrote: ↑Mon Oct 03, 2022 7:52 amOh I remember it....Can you share with the class why there was a no vote by 'many' on that first bill? There you guys go again henpecking minutia...tisk-tisk-tisk.a fan wrote: ↑Sun Oct 02, 2022 9:00 pmPretending like you don't remember DeSantis' vote on Sandy, are we?youthathletics wrote: ↑Sun Oct 02, 2022 3:12 pmlooks like you need a nap also.MDlaxfan76 wrote: ↑Sun Oct 02, 2022 2:57 pmThough it's indeed a good point.youthathletics wrote: ↑Sun Oct 02, 2022 1:41 pmTake a nap Brooklyn, you are just too dang cranky.Brooklyn wrote: ↑Sun Oct 02, 2022 12:33 pm I believe there was a news report a few months ago about Florida having a massive surplus. Something in the area of $20+ billion or so. With that in mind you have to wonder why DeSatan begged Biden for a federal handout for flood relief and why the hell did he give it to him???
Everybody knows that wealthy people and corporations in Florida don't pay taxes. So why the hell should they get a free ride?
So Floridians fed income tax dollars should not be used to help people. Thanks, dictators mdlax and brooksie.
I wouldn't lose a wink of sleep if they cut Florida out of Hurricane aid to show Floridians what DeSantis thinks about helping people in need.
Now had they voted for the first bill of close to 60bn, you'd then throw it in their face that they "are making govt' bigger", rather than patting them on the back for fiscal responsibility.
Again, I'm not saying that those hurt by Ian shouldn't get support...but it's a fair point that Florida drastically underspends on weather mitigation and has had absolutely awful building regulations.
it's a fair point that Florida drastically underspends on weather mitigation and has had absolutely awful building regulations.
Yes. Here's one in Houston.ardilla secreta wrote: ↑Mon Oct 03, 2022 10:06 am If there’s money to be made, I see no reason to doubt the damaged areas will be rebuilt. Are there examples where redevelopment after an disaster was curtailed or limited?