Hurricane Harvey News

Citing Climate Risk, Investors Bet Against Mortgage Market

NEW YORK — David Burt helped two of the protagonists of Michael Lewis’ book The Big Short bet against the U.S. mortgage market in the run-up to the 2008 financial crisis. Now he’s betting against the market again, but this …

Weakened Imelda Aims Foot or More of Rain at Flood-Prone Houston

Imelda has lost some of its wind power, but continues to pour rain down on the U.S. Gulf Coast, with 12 to 15 inches already recorded and flood-prone Houston in its path. Imelda is now a tropical depression, with winds …

Texas Housing Program Aims to Rebuild Faster after Disaster

HOUSTON — For Houston resident Scenacia Jones, the experience of getting her new home through an innovative way of building post-disaster housing was like an experiment. Jones and her two children had been living in a shelter for single parents …

Cost of Buying Out Flood-Prone Homes: $5B and Rising

About the photo: This June 14, 2008 file photo shows floodwaters in Cedar Rapids, Iowa. Weeks after the latest massive floods in the Midwest, voluntary buyouts are again being considered in at least five states –Missouri, Iowa, Wisconsin, Indiana and …

Vulnerability Reduction Scorecard Helps Cities Save Lives and Resources

In Norfolk, Virginia, officials are taking action to reduce their city’s vulnerability to flood risks. Flooding in Norfolk does not just happen during major storms. It can happen when the sun is shining, if the tide is high or the …

Trial to Determine if Government Liable for Harvey Flooding

HOUSTON — Residents seeking compensation after their Houston-area homes and businesses were flooded by two federally owned reservoirs during Hurricane Harvey say authorities knew for decades that such an inundation was inevitable but did nothing to prevent it, an attorney …

Climate Change: The Already Present, Next Great Risk to Munis

When Miami Beach borrowed $162 million from Wall Street this week, it wanted investors to know rising seas and extreme weather are a real risk to the city and that it’s doing something about it. An increasing number of states …

Work Starts on 134 Houston-Area Flood-Control Projects after Harvey

Crews are working on 134 flood control projects as parts of a $2.5 billion bond program approved by Houston-area voters last year in the wake of Hurricane Harvey, officials announced Thursday. Another 103 projects are on the drawing board _ …

Some Texas Coastal Residents Oppose Proposed Storm Barrier

A proposed Texas coastal barrier is drawing backlash from some Gulf Coast residents and the state’s land commissioner wants more time for property owners to voice concerns. The plan is designed to protect the Texas coast from hurricanes with a …

‘Changing Climate’ Intensifying Disasters Per Texas Report

Powerful natural disasters in Texas on the scale of Hurricane Harvey‘s deadly destruction last year will become more frequent because of a changing climate, warned a new report Thursday ordered by Republican Gov. Greg Abbott in a state where skepticism …