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.
The deadline to apply for Small Business Administration disaster loans for damages caused by Hurricane Helene is Wednesday (Nov. 27). For Milton, it’s Dec. 10.
New studies show human-driven elevated ocean temperatures made the 2024 Atlantic hurricanes stronger, with higher wind speeds and more damage.
Some property owners with flood insurance through the National Flood Insurance Program (NFIP) will soon have a more flexible payment option.
The last time Citizens ended the year with fewer policies than it started was 2018, when the count was reduced from 440,406 policies to 427,397.
