Anthropogenic Global Warming ... how hot is it ?

A Mississippi city's tax break spurred post-Katrina building. But will homes stand the next storm?​


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GULFPORT, Miss. — Rocking on his front porch overlooking the Mississippi Sound, former Gulfport Mayor Billy Hewes questions how anyone wouldn't want to live there.

"People are always going to gravitate to the water," he said. "And we have a beautiful waterfront."

But it was far from certain that people would return after 2005's Hurricane Katrina, which killed 238 people in Mississippi and left only concrete slabs in many areas. With beachfront rebuilding crawling along a decade later, Gulfport began offering .....

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20 years after Hurricane Katrina, its effects continue to influence flooding legislation​


Key Points
  • Hurricane Katrina caused widespread devastation and approximately $161 billion in damages, prompting significant changes to Louisiana's flood laws.
  • Louisiana established the Coastal Protection and Restoration Authority and invested in infrastructure projects like the $14.5 billion Hurricane and Storm Damage Risk Reduction System (HSDRRS).
  • Senator Bill Cassidy highlighted his role in securing funding for levee construction and efforts to reform the National Flood Insurance Program (NFIP) to make it more affordable and sustainable.
  • The NFIP faces significant debt due to Hurricane Katrina, impacting premiums for policyholders statewide.
  • Post-Katrina legislation improved disaster preparedness and response, and inter-parish support networks were strengthened for future evacuations.
Hurricane Katrina is widely regarded as one of the most catastrophic hurricanes to hit the United States, with an estimated 1,833 fatalities and extensive damage and flooding caused by the storm's intense winds and storm surge, resulting in approximately $161 billion in damage.

In response to Katrina's devastation, Louisiana introduced significant changes to its flood-related laws and policies to addresses flaws in ....

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Shiftless2 said:
"Wouldn't make a difference either way - " S2 #383
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It wouldn't result in immediate change of president.
That doesn't mean the information is worthless, or useless.

For one obvious example it would be exceedingly useful information for the Dems. in formulating their 2028 presidential platform, if there is one.
 
Sounds like a lot of people don't want to insure properties in California (not that I blame them)

California home insurer to drop 37,000 policies as part of nationwide withdrawal​

By Megan Fan Munce,

An insurer is planning to drop 37,000 California customers as it exits the entire U.S. home insurance market — though a deal with an out-of-state insurer could keep the majority from losing coverage.

Last month, QBE Insurance Corp. stopped writing new homeowners’ insurance policies in California in anticipation of its withdrawal, it informed the California Department of Insurance in a recent regulatory filing. As of April, the insurer had 37,774 home insurance customers in the state. They were set to be dropped over the next year after the insurer’s decision to “narrow its market focus.”

More than half of those customers could avoid losing coverage through a prospective deal with a Texas insurer seeking to enter the California market, according to the filing.
Builder Reciprocal Insurance Exchange is applying to enter California and take on the majority of QBE Insurance’s customers, QBE wrote in its filing. Neither QBE nor BRIE responded to requests for comment.

As of 2024, QBE Insurance represented about 0.36% of the state’s total home insurance market, according to data from the Department of Insurance. It is one of California’s smallest insurers, though QBE itself is a multinational giant, having grown from ....

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Shiftless2 said:

"California home insurer to drop 37,000 policies as part of nationwide withdrawal" #385​

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This appears to me to be stunning systemic dysfunction, catastrophic system failure.
I enthusiastically endorse government regulation of the insurance industry. But certainly not to the extent insurers are forced to abandon markets.

$cost + $profit
really isn't that complicated.
And if the methodology employed produces unworkable outcomes, why not implement emergency provisions until adequate update is refined? Reports of these severely disrupted insurance markets have become a common feature here @CV.us
It's time to plant a hatchet in somebody's forehead about it.

"The policy of the American government is to leave their citizens free, neither restraining nor aiding them in their pursuits." Thomas Jefferson
 
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