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Hurricane price tags soaring on crowded U.S. coast »

Posted by: engineer 4 months, 3 weeks ago

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The damage caused to U.S. coastal cities by hurricanes promises to rise into the stratosphere, raising concerns about a possible $500 billion storm and prompting calls for tougher building codes.

Read Full Story at news.yahoo.com

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engineer4 months, 3 weeks ago

Devastating hurricanes like 1992's Andrew and Katrina of 2005 have failed to put a dent in massive construction along the hurricane-vulnerable Atlantic and Gulf coasts, where millions of people face evacuation when a storm threatens.
Katrina, which swamped New Orleans, was the costliest natural disaster in U.S. history, with damages of $80 billion.
But a study published earlier this year found that a 1926 hurricane that struck Miami would have caused $157 billion in damage, adjusting for inflation and current building.
The study suggested there could be a $500 billion hurricane by the 2020s.
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BoxMonkey4 months, 3 weeks ago

Really . What's money anyhow . We're spending billions on other nations , might as well print some more up for our own people .
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nostalgia4 months, 3 weeks ago

"With no hope of stopping people from moving to coastal areas, Fugate said a "capitalistic model" that stops subsidizing the risks of coastal living might be needed."
The price of homeowners insurance in FL has skyrocketed and many insurers simply stopped offering insurance there
If you elect to live in an area with a high risk of natural disasters or in a floodplain, you should factor in the cost of insurance. Why should taxpayers across the country have to subsidize insurance costs for these people?

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