According to CoreLogic, total losses for homes and businesses will range between $42.5 billion to $65 billion — most of it due to flood damage.
Source: Total Hurricane Irma damage could reach $65 billion | Miami Herald
According to CoreLogic, total losses for homes and businesses will range between $42.5 billion to $65 billion — most of it due to flood damage.
Source: Total Hurricane Irma damage could reach $65 billion | Miami Herald
Hurricane Irma made landfall in the lower Keys on Sunday morning, Sept. 10, 2017, as a Category 4 storm, moved through Naples and up through the state between Orlando and Tampa after a week of devastating the Caribbean. It was downgraded to a tropical storm at 8 a.m. Monday, Sept 11, but brought…
Source: Pictures: Hurricane Irma damage in Florida and the Caribbean – Orlando Sentinel
Hurricane Irma and Harvey damage left about 1 million destroyed cars behind. Here’s how that impacts insurance rates and what to look for.
Source: Hurricane Irma and Harvey Damage Includes 1 Million Cars | Fortune.co
While Hurricane Maria bears down on Puerto Rico and the mainland United States waits with bated breath to see where the storm will go next, the cost of the damage from Harvey and Irma is only beginning to become clear.
Estimates for the cost of Hurricane Harvey’s damage range from $65 billion to $190 billion. If the real cost falls on the higher end of that range, it could become the most expensive disaster in the history of the U.S.
Meanwhile, Hurricane Irma damage could end up costing between $50 billion and $100 billion.
Much of the recovery expenses will go to property damage, but the extensive flooding during Harvey means that vehicle losses will also be extremely costly, especially considering that Houston and many areas of Texas have a higher car ownership rate than the national average.
Harvey and Irma submerged cars and property across the southern U.S. as the two Category 4 storms made landfall within the same two-week span.
Hurricane Harvey destroyed 300,000 to 500,000 vehicles in Houston alone, according to Cox Automotiveestimates. The firm, parent company of Kelly Blue Bookand AutoTrader.com, has its headquarters in Atlanta. The cost of licensed cars lost in the storm — excluding vehicles flooded while waiting in dealership parking lots — falls between $2.7 and $4.9 billion.
Although fewer cars were estimated to have been lost to Hurricane Irma damage, an estimated 200,000 and 400,000 vehicles were destroyed by the storm.
The two big storms of the 2017 U.S. hurricane season have so far destroyed more vehicles than Hurricane Katrina in 2005 or Hurricane Sandy in 2012, which claimed 200,000 and 250,000 cars respectively, according to Cox Automotive.
Not all hurricanes leave the same kind of damaged vehicles in their wake, but most of them do cause insurance rates to rise.
“They’re completely different storms in a lot of ways,” said Michael Bassi, director of partnerships at Runzheimer, talking about how Harvey and Irma compare to Hurricane Katrina. What made the 2005 storm especially damaging were its high winds. Whereas with Harvey and Irma, most of the damage dealt out from those storms came from flooding.
Bassi says drivers across the country, not just in Texas and Florida, will see insurance rates increase slightly over the next year due to the cost of replacing cars in the affected areas.
He predicts that insurance rates for personal vehicles could increase two to four percentage points over the course of a year, but notes that consumers won’t feel the impact until it’s time to renew their contracts.
Though auto sales dipped in August due to Hurricane Harvey, the loss of vehicles will eventually lead to a spike as drivers replace their cars this fall, especially for trucks and SUVs.
Prices for used cars in Houston are up from this time last year, according to CarGurus.com. Typically they are below the national price index, but they now trail the national average by 1.75% — an increase of a percentage point from this time last year.
In the wake of Hurricane Katrina, Hurricane Sandy and other major flooding incidents, storm-damaged cars were cleaned up and resold to unsuspecting drivers.
“Residents that live in a flood-damaged area and are looking to replace their vehicle should do their homework and not only use online tools to make sure they’re getting a fair deal from a top-rated dealer, but should also make sure that the car they are buying has not been detrimentally impacted by the recent flood,” said CarGurus.com data analyst Lisa Rosenberg.
Past research from Carfax shows that about half of the estimated 500,000 cars damaged by Harvey will end up back in the marketplace.
The Federal Trade Commission put out guidelines for consumers on how to avoid buying a flood-damaged car. Carfax notes that the technology most newer vehicles rely on, similar to what powers a smartphone, and would be rendered useless after significant water damage.
Consumers should take precautions like getting a history of repairs and checking the VIN number in the National Insurance Crime Bureau and National Motor Vehicle Title Information System databases. Even without a database, strange stains and smells can be a red flag that a car has weathered a flood. Consumers buy a used car should check for signs of water damage — mineral deposits, mildew and the smell of mold or overpowering scents of cleaning supplies that may be trying to mask it.
And not just in Texas or Florida. After Hurricane Sandy, for example, The New York Times reported that because of inconsistencies in state regulations, flood-damaged cars can be sold at auction and wind up on used car lots hundreds of miles away without so much as a warning that they’d weather a massive storm.
State departments of motor vehicles publish DIY tips as well. But the best safeguard against being misled, they say, is to ask a mechanic to inspect the car since some sellers go to great lengths to conceal d
“I have little doubt Irma will go down as one of the most infamous in Atlantic hurricane history.”
Source: Lineman restoring power after Hurricane Irma falls to death | Fox News
FORT LAUDERDALE, Fla. – A Florida lineman who was working to restore power following Hurricane Irma is dead after falling from a parking garage.
The Sun Sentinel reports that 26-year-old Scott Christopher Reid Jr. was killed Sunday morning when he fell from the fifth floor of the Westin Fort Lauderdale Beach Resort garage.
Police say Reid was standing near his truck, preparing for work, before he fell. Detectives haven’t offered details about what caused the fall, but they’re not calling the incident suspicious.
Reid lived in Sebring, a rural community northwest of Lake Okeechobee. His family says he worked for T&D Solutions.
“I have little doubt Irma will go down as one of the most infamous in Atlantic hurricane history.”
Source: Hurricane Irma: ‘Everything Is Under Water, I Mean Everything’ – The Atlantic
“I have little doubt Irma will go down as one of the most infamous in Atlantic hurricane history.”
Miami residents are frustrated that government and power officials haven’t completely restored power even though the city didn’t receive a direct hit.
Source: Frustrations boil over in Miami f
Inside the Edgewater section of Miami, several roofs were ripped off, power lines lay on the ground and a large truck was overturned on its side in the middle of the street. (Sept. 11) AP
MIAMI — Ten days after Hurricane Irma made landfall on the west side of the Florida peninsula, residents on the east side are growing increasingly frustrated that government and power officials haven’t yet gotten the region completely up and running.
After threatening to plow straight into downtown Miami, Irma veered west and spared the booming metropolitan region from its full wrath. The National Weather Service estimates that Miami-Dade County received sustained tropical storm force winds between 50 and 70 mph, with frequent Category 1 and 2 gusts up to 100 mph.
Those winds were strong enough to knock out power to 90% of homes in the county, and many feel that the region’s most vulnerable remain in the dark. The Miami-Dade County Commission held a budget hearing on Tuesday night that transformed into a public venting session for angry residents, who were repeatedly asked by commissioners to keep their cool as their voices raged.
“In the days after the storm, families went hungry, elders suffered from the heat, people with diabetes were desperately asking for ice for their insulin, and the level of need was reprehensible,” said Andrea Mercado, executive director of the New Florida Majority, a group that organizes political campaigns focused on poor and minority communities. “It didn’t need to be this way.”
Valencia Gunder echoed those concerns. The community activist estimates that she coordinated 200 volunteers who helped hammer plywood on people’s windows and delivered food and water to poor neighborhoods. She pleaded with commissioners to stop congratulating themselves over their hurricane response and start scrutinizing the gaps in their response that has still left some people without help.
“I do not know the complete protocol for emergency response after a storm, but I really believe that it needs to be revisited now,” Gunder said. “We need to revisit every plan, turn over every page.”
Miami-Dade County Mayor Carlos Gimenez bristled at accusations that the county has been slow to respond to poor neighborhoods in the county. He pointed out that the county oversaw 661,000 evacuations and opened 43 shelters that housed 31,500 residents — all county records.
“I’ve never heard of these people,” Gimenez said during a break in the commission meeting Tuesday. “So their claim of feeding people, etc., etc., I don’t even know if it’s true. I know the county response was very good. In the street, we get complimented all the time.”
More: Florida volunteers step in to prepare for Hurricane Irma
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The anger in South Florida has also been directed at Florida Power & Light (FPL) which powers half the state and nearly all of the Miami region.
While Miami-Dade County was spared the worst of Irma’s winds, they were still strong enough to knock out power to 90% of homes in the county. Residents pointed to the nearly 10,000 homes that were still in the dark Tuesday night and wondered how the city could survive a stronger storm if Irma was able to do so much damage.
“The hurricane didn’t hit. The power stayed out for how long? It’s still out in some places. Have you talked with those people?,” said David McDougal, who worked with activist groups to help low-income residents prepare for and respond to the storm.
Two law firms filed a lawsuit against FPL this week, arguing that Floridians have been charged higher rates intended to strengthen an electrical grid that failed during Irma. City leaders in Coral Gables and the Pinecrest neighborhood of Miami have also threatened litigation over the outages.
FPL dismissed those threats, issuing a strongly worded statement blaming Coral Gables in particular for not controlling the massive, street-covering trees that define the upscale city and knocked out power lines throughout the city.
By midday Wednesday, FPL had restored power to all but 890 accounts in Miami-Dade County, meaning 99.9% of homes that lost power during Irma were back online. FPL spokesman Peter Robbins said that’s a remarkable turnaround given the widespread outages throughout the state.
“There’s no such thing as ‘only’ a Cat 1 or ‘only’ a weak hurricane,” he said. “By definition, they are incredibly powerful forces of nature and Irma was no exception.”
Engineering experts agreed. Jerry Paul, an engineer and former state legislator, said he feels terribly for anybody still living without power 10 days after the storm. But he said overall, FPL’s ability to get the majority of Miami-Dade County homes back online within a week was “extraordinary.”
The company has spent nearly $3 billion since Hurricane Wilma in 2005 to install concrete power poles for its transmission lines and make its entire system more resilient. Paul, who used to worked at the U.S. Department of Energy, said that resulted in a statewide response following Irma that is the envy of the nation.
“Any state in the country will give anything to have that response following a tornado or a hurricane,” Paul said. “That’s no consolation if it’s you that is out of electricity. But relative to other places and how long they’re out, it’s night and day.”