08 October 2024

CATASTROPHE RISK...“People are making different choices as a result of the rise in insurance costs,”

". . .The spread of wild rumors has always been a problem during major disasters, which typically produce power outages and transportation obstacles that interfere with the communication channels that most people rely on from day to day. . ."  {The Atlantic)

The Fog of Disaster Is Getting Worse

How a changing media environment, worsened by intentional attempts to deceive people, hampers the response to natural catastrophes

A man tries to move through floodwater during Hurricane Helene.
Illustration by The Atlantic. Source: The Washington Post / Getty.

Keeping track of events during a natural disaster was hard enough in the past, before people with dubious motives started flooding social media with sensational images generated by artificial intelligence. In a crisis, public officials, first responders, and people living in harm’s way all need reliable information. The aftermath of Hurricane Helene has shown that, even as technology has theoretically improved our capacity to connect with other people, our visibility into what’s happening on the ground may be deteriorating.

Beginning late last week, Helene’s storm surge, winds, and rains created a 500-mile path of destruction across the Southeast. To many people’s surprise, the storm caused catastrophic flooding well inland—including in and around Asheville, North Carolina, a place that had frequently been labeled a “climate haven.” Pictures that many users assumed had been taken somewhere around Asheville began spreading rapidly on social media. Among them were photographs of pets standing on the rooftops of buildings surrounded by water; another image showed a man wading through a flood to rescue a dog. But news outlets that took a closer look noted that the man had six fingers and three nostrils—a sign that the image was a product of AI, which frequently gets certain details wrong. . .

Misinformation!' Karine Jean-Pierre and Peter Doocy Battle Over Hurricane  Aid

Misinformation!' Karine Jean-Pierre and Peter Doocy Battle Over Hurricane Aid

 

A HURRICANE NAMED MILTON IS NEXT


Republicans roast White House for 'incompetent' hurricane response
Fox News' Chad Pergram reports on the politics of disaster relief as FEMA pushes back on the 'dangerous' criticism of their Hurricane Helene response.
Fema chief warns 'dangerous' Trump falsehoods hampering Helene response | Hurricane  Helene | The Guardian

Fema chief warns 'dangerous' Trump falsehoods hampering Helene response | Hurricane Helene | The Guardian

Is Florida's 'Great Migration' Coming Undone? – HotAir

Is Florida's 'Great Migration' Coming Undone? – HotAir

The Great Florida Migration Is Coming Undone

A surplus of housing inventory and dwindling buyer interest are slowing sales. Hurricanes and extreme weather are making it worse.

Tampa, Orlando and much of the Space Coast are all experiencing this Florida housing reversal. Inventory for single-family homes and condominiums in these areas was up more than 50% in August from the same month last year. At the same time, demand has decreased 10% or more in these areas, according to Parcl Labs, a real-estate data and analytics firm.
About half of the homes listed for sale in Tampa experienced price reductions as of Sept. 9, the third-highest share of all U.S. major metropolitan areas.


In a preliminary damage estimate released on Thursday, the private forecaster
AccuWeather pegged the financial cost of Hurricane Helene’s damages at $225 to $250 billion, more than double what it estimated in the first days after the storm made landfall in Florida last week — and far more than recent major hurricanes like 2012’s Sandy and 2017’s Harvey. That massive number includes the cost of rebuilding homes, businesses, roads, and infrastructure in the storm’s path from Florida to Tennessee, as well as the wages and economic output that will be lost during the yearslong rebuild. (Grist)
 

Hurricane Helene could cost $200 billion. Nobody knows where the money will come from.

Almost none of the storm's devastation will be paid out by insurance

by Jake Bittle Staff Writer Published Oct 04, 2024
Climate + Extreme Weather

Helene will likely trigger one of the largest FEMA flood insurance payouts in recent years, perhaps to the tune of billions of dollars. But Swiss Re, the massive global reinsurance company that acts as a backstop for the national program, confirmed that most people who suffered damage during Helene won’t get anything at all.

“Sadly much of the damage from these devastating floods will not be covered by insurance,” said Monica Ningen, who leads the company’s property business in the United States. She added that the lack of coverage “will make the task of rebuilding the communities impacted all the more difficult.”

Without insurance, which is often the first line of defense against disaster damage, most homeowners who saw flood damage will be on their own as they rebuild
  • Some victims will receive a few thousand dollars from FEMA for repair costs, and some others will be able to secure low-interest rebuilding loans from the Small Business Administration. 
  • The Department of Housing and Urban Development also has a track record of spending billions of dollars on long-term recovery needs after big disasters, paying for home repairs and new housing development.

But this aid money could take months or years to reach hard-hit areas, . . and it won’t come close to covering the cost of reconstruction for most people, especially those in low-income households.. .

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