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A NY nonprofit is piloting community-based flood insurance. Could it be a model?

Oct 23, 2024
If a certain amount of rain falls, the nonprofit will get a payout that it could use to quickly give cash grants to affected residents.
Hurricane Ida dumped about 9 inches of rain on New York City on Sept. 1, 2021. Above, Major Deegan Expressway in the Bronx on the following day.
Spencer Platt/Getty Images

Why insurance companies and homeowners need better hurricane modeling

Oct 9, 2024
More frequent severe storms mean there are, unfortunately, more opportunities to learn how to better estimate economic damage.
Two people survey damage to their home after Hurricane Helene made landfall in Horseshoe Beach, Florida, last month. It may soon be difficult to differentiate damage from Helene and Hurricane Milton, expected to make landfall late Wednesday.
Chandan Khanna/AFP via Getty Images

Much of the damage from Hurricane Ian will be from flooding, but will homeowners be covered?

Sep 30, 2022
Regular homeowner's insurance policies don't cover water damage from storm surge, or flood waters from the ground up.
In this aerial view, cars sit in floodwater near downtown after Hurricane Ian on Sept. 29, 2022 in Orlando, Florida.
Gerardo Mora/Getty Images

Hawaiian boat tour owner is "carefully rebuilding" after tsunami damage

Jan 26, 2022
Sea Quest Hawaii's business was already down 30% from omicron when the tsunami caused $100,000 in damage to its office.
Sea Quest Hawaii's Kona office was the only building in the area to sustain substantial damage, owner Manu Powers says.
Sea Quest Hawaii

Kentucky housing advocate on tornado recovery: “We can’t go back to the status quo”

Dec 13, 2021
Even before the tornadoes destroyed more than a thousand homes, Kentucky had a shortage of affordable rentals.
A homeowner reacts to tornado damage on Dec. 12 in Bowling Green, Kentucky. “We want to make sure that people have the ability to live and rebuild,” said Adrienne Bush, executive director of the Homeless and Housing Coalition of Kentucky.
Gunnar Word/AFP via Getty Images