A lot of people are going to be financially ruined by Hurricane Florence. As you will see below, only 9 percent of all homeowners in South Carolina have flood insurance, and up in North Carolina that figure drops to just 3 percent. That means that well over 90 percent of the people that will be affected by this storm do not have any financial protection against flooding whatsoever. Florence is expected to slowly churn over the region for the next several days, and it is being projected that this massive storm could dump up to 10 trillion gallons of water on the Carolinas. Needless to say, that amount of water is going to do an extraordinary amount of damage, and thousands upon thousands of households are at risk of losing everything because they aren’t carrying insurance. (Read More...)
Flood Damage
Flooding Damage From Jonas Will Cost Billions And Is Being Described As ‘Worse Than Hurricane Sandy’
The economic damage done by winter storm Jonas looks like it is going to be much higher than many had originally anticipated. As you will see below, Moody’s Analytics is projecting that up to 3 billion dollars of damage has been done, and USA Today is reporting that the flooding along the New Jersey and Delaware coasts was “worse than Hurricane Sandy in 2012”. So all of those that are mocking Jonas as “just a snowstorm” don’t really understand what they are talking about. Large numbers of homes, businesses and vehicles were destroyed – especially right along the coast. This was a major disaster, and it is going to take months of work for many of the affected areas to fully recover. (Read More...)