...financial risk, during a hurricane landfall. According to IBHS, a trend has developed since Hurricane Charley in 2004 that risk management strategy has also helped mitigate financial losses, specifically the...
Read More »Search Results for: hurricane harvey
Celebrating Four Decades of Industry Advancement
...events as Hurricane Harvey, where NMSA helped to organize the response by working with all the government agencies, banks, and nonbanks. That was good practice for this new challenge that...
Read More »Senate Committee Examines the National Flood Insurance Program
...have already impacted thousands of homeowners this year, well before hurricane season has begun. FEMA personnel are already preparing for the 2022 Hurricane Season, expected by The National Oceanic and...
Read More »The Storm After the Storm
...show. Hurricane-driven high winds and storm surges can wreak havoc over an expansive geographic area in a matter of days or even hours. As an example, 2017’s trio of hurricanes—Harvey,...
Read More »The Home Insurance Forecast
...more frequent natural disasters are destroying homes and businesses at record-breaking rates nearly every year. Just look at the economic damage caused by the following events: Hurricane Harvey (2017): $125...
Read More »Experts Discuss Hurricane Ida Fallout
...from Hurricane Ida appear to be covered by insurance, this is actually an improvement from the uninsured flood damages we saw from Hurricanes Harvey and Katrina,” said Larsen. “The flood...
Read More »Almost 950K Homes Risk Damage from Ida
...seen with Hurricanes Katrina and Rita in 2005.” Hurricane Ida is the fourth named hurricane of the 2021 season and the first Cat 4. The 2021 Hurricane Report from CoreLogic...
Read More »Mortgage Industry and Government Collaborate on Solutions
...Hurricane Harvey, but never had anything with the reach of COVID-19 where every city was impacted by it,” said Montgomery. “Collaboration among the governmental agencies was very important, we were...
Read More »How Hurricane Season Stands to Impact Housing
...low-lying, hurricane-prone and especially subject to the climate-related factors at play including, sea-level rise, extreme rainfall events, and possible increases in hurricane intensity, according to the hurricane report. The resilience...
Read More »Why Nonwhite Neighborhoods Could Face Increased Flood Risk
...the costliest flood damage from Hurricane Katrina in 2005 were at least 75% Black. After Hurricane Harvey hit Texas in 2017, Black and Hispanic Americans were about twice as likely...
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