11–20 of 237 posts
Hopefully insurance costs will not be extracted throughout the entire country. The insurance rates must reflect the true cost of residing in hurricane alley.
Hopefully insurance costs will not be extracted throughout the entire country. The insurance rates must reflect the true cost of residing in hurricane alley.
https://en.wikipedia.org/wiki/National_Flood_Insurance_Progr...
>As of August 2017, the program insured about 5 million homes (down from about 5.5 million homes in April 2010), the majority of which are in Texas and Florida.[3][4] The cost of the insurance program was fully covered by its premiums until the end of 2004, but it has had to steadily borrow funds since, primarily due to Hurricane Katrina and Hurricane Sandy, accumulating $25 billion of debt by August 2017.[3][5] In October 2017, Congress cancelled $16 billion of NFIP debt, making it possible for the program to pay claims. The NFIP owes $20.525 billion to the U.S. as of December 2020.[6]
That seems cheap? Like incredible cheap for the size of the storm.
This would put it as either the third or fourth costliest hurricane in the US (first table is inflation adjusted). Not sure that's cheap.
That seems cheap? Like incredible cheap for the size of the storm.
I know COVID stimulus has numbed people to large numbers, but $100B is a huge amount of money. It's two million people working for a year at $50k salary
I can only assume it will go higher. We need to push FEMA to have a 2 and done rule. After that the property must be returned back to dunes/parks/public spaces.
I can only assume it will go higher. We need to push FEMA to have a 2 and done rule. After that the property must be returned back to dunes/parks/public spaces.
That seems cheap? Like incredible cheap for the size of the storm.
I know COVID stimulus has numbed people to large numbers, but $100B is a huge amount of money. It's two million people working for a year at $50k salary