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If a certain amount of rain falls, the nonprofit will get a payout that it could use to quickly give cash grants to affected residents.
More frequent severe storms mean there are, unfortunately, more opportunities to learn how to better estimate economic damage.
Regular homeowner’s insurance policies don’t cover water damage from storm surge, or flood waters from the ground up.
Sea Quest Hawaii’s business was already down 30% from omicron when the tsunami caused $100,000 in damage to its office.
Even before the tornadoes destroyed more than a thousand homes, Kentucky had a shortage of affordable rentals.