Spillway flood could cause $2 billion in damage
NEW YORK (CNNMoney) -- More than $2 billion worth of residential properties face potential flood damage from the opening of the Morganza Spillway in Louisiana, according to a new study.
The effort to divert the swollen Mississippi River could flood 21,272 homes, inflicting damages of over $2.2 billion, says an analysis by financial research firm CoreLogic. These homes are in the path of deliberate flooding on the part of the U.S. Army Corps of Engineers, which has opened 17 bays along the Morganza Spillway to flood rural areas with the intention of sparing the cities of New Orleans and Baton Rouge. ( Flood insurance: Taxpayers may be on the hook )
The study said that 11% of the homes in the Morganza and Atchafalaya parishes could be flooded. In three of the nine towns within these parishes, the percentage of flooded homes is much higher. ( Oil wells in path of destruction )
In the town of Assumption, 2,899 homes are at risk, totaling more than $222 million in potential damage. That's 34% of all homes within that town. In the larger city of Terrebonne, 22% of all homes are at risk, which is equal to 10,324 homes with a combined value of nearly $1.3 billion. In Saint Mary, 3,777 homes totaling $317 million are at risk, representing 22% of all homes.
Flood wrecks havoc with local economyThe study also determined that 21% of these soon-to-be-flooded homes are not located in the special flood hazard areas designated by the Federal Emergency Management Agency. A total of 4,528 properties worth about $404 million are outside of these federal flood zones.
The 100-year flood zones are areas determined by FEMA to have a 1% annual chance of flooding. These designations are significant because a Congressional law, passed in 1973, directs mortgage lenders to require residents of flood zones to purchase flood insurance.
Howard Botts, director of database development for CoreLogic, estimates that up to 50% of the homes in the non-FEMA flood zones do not have flood insurance.
natural disaster damage - News
This year was a relatively calm one in the US for natural disasters until April, when the South and the Midwest were lashed by three separate storm systems, each of them causing more than $1 billion worth of damage, according to Aon Corp.
WESTMINSTER WEST -- Westminster could receive federal disaster relief following Friday's severe thunderstorm which destroyed Bemis Hill Road. Following a natural disaster, Vermont has to show a statewide damage
Right now much of the South and Midwest is reeling from tornado or flood damage. Wildfires have hit parts of the Southwest. Soon enough, the Eastern Seaboard and the Gulf Coast will be under hurricane watches. Natural disasters frequently leave an
Jeff and Kathryn Piotrowski, who film natural disasters for their Tornado Alley Video series, uploaded video of the storm hitting Joplin to YouTube. Another video crew dedicated to chasing storms, from the Web site TornadoVideos.net,
According to him, the damage from natural disasters amounted to KGS 51 million and 10.000 families were affected. “According to international researches, Kyrgyzstan is located in natural disasters zone prone to 20 natural phenomena out of 70 possible.
Natural disasters you want to be insured against
Having your house insured is good for having some peace of mind especially if there's a rainstorm ravaging outside. People insure their houses in order to keep their households financially protected from any kinds of natural perils that may damage the property. And while most policyholders think that their policies will eventually cover just any type of natural disaster the real situation can be quite the opposite. Here are five types of natural perils that can hit hart both your house and your wallet regardless whether you have your house insured or not.
1. Hurricanes
Hurricane wind damage is quite common in states along the Gulf of Mexico coast and up to the mid states. Every year hurricanes cause millions and even billions of dollars in property damage. And while in some states hurricane damage is included to standard policy coverage, in most states that are more used to this natural disaster you will need to purchase a separate policy in order to have you house covered against any loss caused by hurricanes.
2. Floods
Flood damage can result from either a rainstorm or the dynamics of bodies of water nearby. Regardless of the case, the damage your house gets from flood will only be covered if you purchase an additional weaver to your policy or a separate insurance policy to cover flood damage. If you live in a high flood risk area and use a mortgage to finance the purchase of your house the lending institution will require you to buy flood insurance coverage in order to get the loan in the first place.
3. Frozen pipes
Frozen pipes may result from blizzards or a prolonged period of freezing temperatures. Frozen pipes may seriously damage your house since they may cut off water distribution and even heat. Under most homeowners insurance policies such damage will be covered. However, some insurers may deny your claims if they manage to prove that the pipes were frozen because you didn't keep them within the working temperature range. And that can happen when there are extreme weather conditions outside. So be on the lookout for this unpleasant exception.
Another natural disaster?! Hope the tornado in Missouri didn't do too much damage. Keep them in your prayers <3
and we saw plenty of 5+ yr old Katrina damage last week. We're calling this our natural disaster tour.
RT : House and yard damage and clean-up can feel overwhelming after a natural disaster. We're here to help when you're ready.
DISASTER > > RT : Tornado damage across US midwest – in pictures
RT : The city of La Crosse is in a Natural Disaster Emergency Mode due to the storm damage.natural disaster damage - Bookshelf
The Natural
Malamud uses the fanatical and aggressive world of professional baseball to mirror contemporary societyDamage
The Natural, The Misunderstood Presidency of Bill Clinton
An analysis of the Clinton presidency seeks to move beyond the scandals and media hype to reveal the inside functioning of the Clinton White House and how its ...Introduction to International Disaster Management
This book is the first of its kind to take a global approach to the topic of international disaster management. * Serves as the first comprehensive resource ...The Disaster Recovery Handbook, A Step-by-Step Plan to Ensure Business Continuity and Protect Vital Operations, Facilities, and Assets
With a focus on practical solutions and an emphasis on getting your operations functional as soon as possible, this all-new edition of "The Disaster Recovery ...Daily Guide Directory
Natural Disasters: Information from Answers.com
Natural Disasters Natural disasters occur when forces of nature damage the environment and manmade structures
Utah Water Damage | Utah Disaster Cleanup | Fire Damage | UTDK
Utah Disaster Kleenup is the Utah disaster cleanup specialist. We help with Utah water damage, fire damage, mold removal, and data recovery
Home Protection: Natural Disaster Damage
Protect your home from natural disasters and weather damage, or prepare for emergency evacuation using the Web sites recommended in this guide.
Natural Disaster Specialists | Water Damage Restoration
We understand the damages created by hurricanes, earthquakes, storms, floods and ... Each type of natural disaster requires its own set of processes to repair your area and ...
Natural Disasters and Hazards (Earthquake) @ NaturalDisaster.us
Includes Eruption, Natural Disasters Land Movement Disasters, Cloud, Estimated, Floods, Disaster Reduction, Pandemic, Tornado, Disaster News Network ...