More than 60 people have died and dozens were missing Thursday as severe flooding in Germany and Belgium turned deadly. Great damage was also done in the Netherlans and Switzerland
Recent storms across parts of western Europe made rivers and reservoirs burst their banks, triggering flash floods overnight after the saturated soil couldn’t absorb any more water.
Read more at:
At least 60 dead, dozens missing as severe floods cause havoc across western Europe - National | Globalnews.ca
Showing posts with label Damage. Show all posts
Showing posts with label Damage. Show all posts
Friday, July 16, 2021
Saturday, October 12, 2019
Global Warming ?: Japan hit by biggest Typhoon in decades
Typhoon Hagibis: Biggest Japan storm in decades makes landfall
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Thursday, September 7, 2017
USA: Flood Insurance: Most Florida flood zone property not insured
As Hurricane Irma bears down on Florida, an Associated Press
analysis shows a steep drop in flood insurance across the state,
including the areas most endangered by what could be a devastating storm
surge.
In just five years, the state's total number of federal flood insurance policies has fallen by 15 percent, according to Federal Emergency Management Agency data.
Florida's property owners still buy far more federal flood insurance than any other state - 1.7 million policies, covering about $42 billion in assets - but most residents in hazard zones are badly exposed.
With 1,350 miles of coastline, the most in the continental United States, Florida has roughly 2.5 million homes in hazard zones, more than three times that of any other state, FEMA estimates. And yet, across Florida's 38 coastal counties, just 42 percent of these homes are covered.
In the counties being under at least partial evacuation orders Wednesday (Collier, Broward, Monroe and Miami-Dade), where 1.3 million houses are estimated to be in flood hazard zones, the percentage is an even lower 34.3 percent.
Florida's overall flood insurance rate for hazard-zone homes is just 41 percent. Fannie Mae ostensibly requires mortgage lenders to make sure property owners buy this insurance to qualify for federally backed loans, and yet in 59 percent of the cases, that insurance isn't being paid for.
Nationwide, only half the 10 million properties that need flood insurance have it, said Roy Wright, who runs the National Flood Insurance Program. He told the AP last week that he wants to double the number of policies sold nationally in the near future.
Read more: Most Florida flood zone property not insured
In just five years, the state's total number of federal flood insurance policies has fallen by 15 percent, according to Federal Emergency Management Agency data.
Florida's property owners still buy far more federal flood insurance than any other state - 1.7 million policies, covering about $42 billion in assets - but most residents in hazard zones are badly exposed.
With 1,350 miles of coastline, the most in the continental United States, Florida has roughly 2.5 million homes in hazard zones, more than three times that of any other state, FEMA estimates. And yet, across Florida's 38 coastal counties, just 42 percent of these homes are covered.
In the counties being under at least partial evacuation orders Wednesday (Collier, Broward, Monroe and Miami-Dade), where 1.3 million houses are estimated to be in flood hazard zones, the percentage is an even lower 34.3 percent.
Florida's overall flood insurance rate for hazard-zone homes is just 41 percent. Fannie Mae ostensibly requires mortgage lenders to make sure property owners buy this insurance to qualify for federally backed loans, and yet in 59 percent of the cases, that insurance isn't being paid for.
Nationwide, only half the 10 million properties that need flood insurance have it, said Roy Wright, who runs the National Flood Insurance Program. He told the AP last week that he wants to double the number of policies sold nationally in the near future.
Read more: Most Florida flood zone property not insured
Wednesday, August 17, 2016
Britain: Brexit damage to economy will outweigh modest wage gains, says study - by Anushka Asthana and Larry Elliott
Damage to the British economy caused by Brexit will more than offset the modest wage gains for British-born workers in low-paid jobs caused by cutting net migration to the tens of thousands a year, a study has found.
A report by the Resolution Foundation thinktank said there would be a small pay increase to native-born employees in sectors such as security and cleaning if there was a big cut in the number of workers arriving in Britain from overseas.
But it estimated that these benefits would fail to compensate for the reduction in real incomes caused in the short term by the higher inflation triggered by a falling pound, and in the long term by a slowdown in the economy’s growth rate.
The Resolution Foundation also warned that achieving the government’s target of cutting annual net migration from more than 300,000 to the tens of thousands would present serious challenges for companies that rely on low-paid migrant workers – and could force some of them out of business.
Immigration was a significant factor in the referendum campaign, with a sizeable number of those who voted to leave the EU citing it as reason for supporting Brexit. Early last month, Theresa May, then home secretary, said the government had received a clear message from the electorate and needed to control the numbers of people coming into the UK from the EU.
Read more: Brexit damage to economy will outweigh modest wage gains, says study | UK news | The Guardian
A report by the Resolution Foundation thinktank said there would be a small pay increase to native-born employees in sectors such as security and cleaning if there was a big cut in the number of workers arriving in Britain from overseas.
But it estimated that these benefits would fail to compensate for the reduction in real incomes caused in the short term by the higher inflation triggered by a falling pound, and in the long term by a slowdown in the economy’s growth rate.
The Resolution Foundation also warned that achieving the government’s target of cutting annual net migration from more than 300,000 to the tens of thousands would present serious challenges for companies that rely on low-paid migrant workers – and could force some of them out of business.
Immigration was a significant factor in the referendum campaign, with a sizeable number of those who voted to leave the EU citing it as reason for supporting Brexit. Early last month, Theresa May, then home secretary, said the government had received a clear message from the electorate and needed to control the numbers of people coming into the UK from the EU.
Read more: Brexit damage to economy will outweigh modest wage gains, says study | UK news | The Guardian
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