Catastrophe-bond investors are trying to assess the potential fallout from Hurricane Florence and whether they’re in store for painful losses. If the storm’s path of destruction – which is aimed at North and South Carolina – causes enough damage in …
U.S. taxpayers who spent billions of dollars after a trifecta of hurricanes last year are poised to do so again after a fix to the nation’s troubled flood insurance program remains stalled in Congress – and as a dangerous new …
Florence was slightly weakened but unbowed as it continued to barrel toward the U.S. East Coast on Tuesday, with forecasters saying they expect the storm to soon re-strengthen near Category 5 levels. The hurricane, now packing 130 mile-per-hour winds, remains …
Damage estimates are soaring in southern Wisconsin after weeks of severe flooding and storms destroyed pavement and damaged hundreds of homes. Here’s a look at where things stand: Gov. Scott Walker said the flooding and storms that began on Aug. …
The federal government’s chief watchdog slammed the Federal Emergency Management Agency’s response to the hurricane that killed thousands of people in Puerto Rico last year, saying it was unprepared and failed to deploy enough qualified staff. The U.S. Government Accountability …
As a Category 4 hurricane roars toward Hawaii, the Federal Emergency Management Agency said it’s learned the lessons of last year’s devastation of Puerto Rico and is vowing a better response. Calling 2017 “historic,” Jeff Byard, FEMA’s associate administrator for …
The Federal Emergency Management Agency says it didn’t handle housing vouchers for displaced residents of Puerto Rico any differently from those of displaced Texas and Florida residents after last year’s hurricanes. FEMA said in court papers filed Friday that it’s …
Louisiana expects to spend $649 million on homeowner rebuilding aid after the 2016 floods, only about half the federal money Congress set aside for the effort. The Advocate reports 44 percent fewer households than anticipated are expected to access money …
Big Island Mayor Harry Kim is planning to ask the state Legislature for $550 million for disaster recovery following the effects of the Kilauea volcano eruption. Kim said he discussed a conceptual plan with Gov. David Ige last week, and …
Little more than two months before Hurricane Harvey slammed the Gulf Coast of Texas, Alberto Castaneda let his home’s flood insurance lapse. He had never filed a claim on the policy in 10 years and he needed the extra cash …