Hurricane Ida triggered record rainfall in New York and nearby regions. Due to past disasters, experts say the city was better prepared to withstand severe weather.
Read More »Almost 950K Homes Risk Damage from Ida
Experts examine what the hurricane—now downgraded to tropical storm—means for borrowers, insurers, servicers, and government agencies.
Read More »How Hurricanes Affect Local Housing Markets
Tropical Storm Elsa marks the beginning of storm season expected to threaten some 8 million homes with more than $1.9 trillion in reconstruction cost value.
Read More »How Property Owners Prepare for Severe Weather
Residents, servicers, and financial institutions can benefit from understanding disaster risk—researchers take a look at how homeowners are planning.
Read More »Hurricane Relief’s Overlooked Segment
Two years after Hurricane Harvey, who is being left behind during assistance efforts?
Read More »Rebuilding Affordable Housing a Year After Hurricane Michael
Florida is still trying to recover from the impact of Hurricane Michael, with many homeowners still displaced. Here'show officials are planning to get residents back in homes.
Read More »Dorian Could Bring Losses of More Than $1B
Insurance Business America reports that insured losses from Hurricane Dorian in the U.S. could be between $500 million and $1.5 billion, according to estimates from analytics firm RMS. The projection represented insured losses associated with wind and storm-surge damage, as ...
Read More »Homeowners are Neglecting Flood Insurance
Many homeowners may be facing financial difficulties in Dorian’s aftermath due to a lack of insurance, as many have dropped their insurance in the past several years.
Read More »Report: No Immediate Impact on RMBS From Dorian
A new report by Fitch Ratings states that Hurricane Dorian is not expected to impact either commercial mortgage back securities (CMBS) or residential mortgage backed securities (RMBS) due to pool diversification, servicer advancing, and insurance coverage. Hurricane season, though, does ...
Read More »Hurricane Heading North After Decimating Bahamas
CNN is reporting that Hurricane Dorian, now a Category 2 storm, is dropping heavy rains and winds along the eastern coast of Florida, and residents of Charleston, South Carolina, have been asked to evacuate. Dorian is carrying maximum sustained winds ...
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