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Economy & Business

Insurance 'Nightmare' Unfolds For Florida Homeowners After Two Hurricanes

"Bridgette Bello thought she’d taken proper precautions to protect against Florida’s notorious hurricanes, having purchased flood insurance as well as a separate hurricane-specific policy, in addition to her regular homeowners coverage. Yet nearly two weeks after Helene hit — and even before Milton had arrived — what Bello, 54, describes as an insurance “nightmare” has only begun."

Source: NBC News, 10/15/2024

Blue Ridge Parkway To Be Closed Indefinitely After Helene: Park Service

"The country’s most-visited national park site, the Blue Ridge Parkway, will remain closed indefinitely, the National Park Service (NPS) said Wednesday. The closure affects the entire length of the Blue Ridge Parkway, though some parts were hit harder than others by storm damage. It comes right as the region and scenic road typically see a boom in tourism, as weather cools and the leaves change colors."

Source: The Hill, 10/04/2024

"How the North Carolina Legislature Left Homes Vulnerable to Helene"

"The amount of rain that Tropical Storm Helene unleashed over North Carolina was so intense, no amount of preparation could have entirely prevented the destruction that ensued. But decisions made by state officials in the years leading up to Helene most likely made some of that damage worse, according to experts in building standards and disaster resilience."

Source: NYTimes, 10/04/2024

"Hurricane Helene Exposes FEMA Assistance Gap In Appalachian Areas"

"As residents of western North Carolina piece together their lives following Hurricane Helene, few will be able to rely on federal flood insurance to help them rebuild."

Source: Reuters, 10/04/2024

"Biden Signs Bill Cutting Environmental Reviews For Semiconductor Industry"

"President Biden on Wednesday signed legislation exempting semiconductor manufacturing facilities from environmental reviews — despite objections from some Democrats and green activists who have expressed concerns about the potential for toxic waste."

Source: The Hill, 10/03/2024

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