Hurricane Helene, flood insurance
Helene Should Trigger a National Rethink of Home Insurance
A for-profit insurance industry is a bad first line of defense against natural disasters. There’s a better way.
Most U.S. homeowners hit by Hurricane Helene don't have flood insurance
Outside of Florida, roughly 99% of homeowners that sustained flooding are not covered, Insurance Information Institute estimates.
Thousands of uninsured homes were in Helene’s path
Across seven affected states, only 0.8 percent of homes in inland counties affected by the storm had flood insurance. By contrast, 21 percent of homes in coastal counties in those areas had coverage.
Insurance claims post Helene: What's covered, what's not
Widespread damage to homes and cars has fueled a huge surge in insurance claims and the destruction has also fueled a lot of confusion about what's covered and what's not. Read more:
Rethinking your homeowners insurance after Helene? What to know about what policies cover
Standard homeowners policies do not cover flood damage and, in some coastal areas, windstorm and hail coverages are also excluded from the standard policy,” the NCDOI website
Helene Was Ruinous. The Insurance Reality Is Worse
The devastation Hurricane Helene caused may be followed by devastation of another flavor: financial. Politico reports homeowners' insurance generally does not cover flood damage, which must be purchased separately.
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Helene’s destruction puts spotlight on costly gaps in homeowners insurance
Property and economic losses from Hurricane Helene are estimated to be as high as $250 billion. As climate change makes extreme weather events more frequent and severe, homeowners can get a rude ...
This Florida woman bought a flood insurance policy for $8,600 — but after her home flooded during Tropical Storm Debby, her nearly $100K claim was denied due to a …
When Tropical Storm Debby came through Pinellas County, Florida in early August, Danielle Jensen thought her home was ...
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Employers’ pension contributions could attract national insurance
Former pensions minister suggests Treasury likely to raise billions through a national insurance charge on employer pension ...
Hurricane Helene may have broken records, but losses unlikely to unmoor insurance industry
Insurance industry experts agree that Hurricane Helene's effects will not cause the disruption seen after the state's most ...
Homeowners hit by Hurricane Helene face the grim task of rebuilding without flood insurance
A week after Hurricane Helene overwhelmed the Southeastern U.S., homeowners hit the hardest are grappling with how they could ...
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Former Florida official urges 'national catastrophic insurance fund' to spread out storm risks
Democratic Rep. Jason Moskowitz is the author of federal legislation that he said would reduce property insurance costs in ...
‘An empty feeling.’ At Helene’s Florida landfall, few have insurance to help rebuild
Unfortunately, recovery will likely be a slow process for the Big Bend region. As many unhappy residents may soon discover, ...
Areas hardest hit by Helene flooding in NC are the least likely to have flood insurance
Less than 1% of households in the state’s hardest-hit inland counties are protected by the National Flood Insurance Program.
DWP and HMRC sending National Insurance 'error' letters after £1.5 billion State Pension underpayment
The Department for Work and Pensions (DWP) and HM Revenue and Customs (HMRC) are sending letters to thousands as they look to ...