Homeowners facing flooding from rivers and creeks are more likely to be underinsured than coastal residents, a new report found.
Funding will help provide shelter to people displaced by Hurricane Helene and Milton, and support those experiencing homelessness with stable housing options.
Hurricane Milton caused $25B in insured losses and $38B overall. Hurricane Helene caused $56B in losses, including $16B in insured losses.
Mortgage rates rising, new SBA loan funding, updated condo rules and approaching deadlines for businesses highlight the start of 2025.
The new law offers tax relief for some natural disaster victims, allowing them to claim losses without itemizing deductions and removes the AGI threshold.
Florida announces $7.8M in hurricane recovery funds, along with federal tax relief and an extended FHA foreclosure moratorium for impacted homeowners.
FPL bills will rise about $12 monthly in 2025 to cover $1.2B in storm recovery. Tampa Electric and Duke Energy are also seeking recovery costs.
Luxury homeowners are opting to build private sea walls costing $150,000 or more to protect their coastal homes from erosion and storm damage.
FEMA has been cracking down on post-hurricane rebuilding, enforcing stricter rules to ensure damaged homes meet flood safety standards amid rising storm risks.
The hurricane season, which began June 1 and ended Nov. 30, produced 18 named storms including Hurricanes Debby, Helene and Milton.
