Florence likely to expose gaps in flood insurance

Florence likely to expose gaps in flood insurance: Number of homes covered is down in the Carolinas is down compared with five years ago

  • There are 5.1m active flood insurance policies in US, up from 4.94m a year earlier
  • Even with the recent gains, the five-year trend for the Carolinas is negative
  • Down 3% in North Carolina and 6% in South Carolina compared with 5 years ago

By Associated Press

Published: 08:19 EDT, 16 September 2018 | Updated: 09:58 EDT, 16 September 2018

The number of Americans with flood insurance is on the rise, yet Hurricane Florence is likely to make it painfully clear that too many homeowners in the Carolinas and other vulnerable regions remain unprotected.

Florence came ashore in the Carolinas Friday and its storm surges, flash floods and winds scattered destruction widely.

Federal data show there were roughly 5.1 million active flood insurance policies in the U.S. as of July 31, up from 4.94 million a year earlier.

Rescue personnel use a small boat as they go house-to-house checking for flood victims from Florence in New Bern, North Carolina on Saturday
Rescue personnel use a small boat as they go house-to-house checking for flood victims from Florence in New Bern, North Carolina on Saturday

Rescue personnel use a small boat as they go house-to-house checking for flood victims from Florence in New Bern, North Carolina on Saturday

North Carolina and South Carolina each had modest gains in flood insurance policies, but coverage gaps remain.

Even with the recent gains, the five-year trend is negative. 

The number of homes covered is down 3 per cent in North Carolina and 6 per cent South Carolina compared with five years ago.

A farm house is seen surrounded by flood waters from tropical storm Florence in Hyde County, North Carolina on Saturday
A farm house is seen surrounded by flood waters from tropical storm Florence in Hyde County, North Carolina on Saturday

A farm house is seen surrounded by flood waters from tropical storm Florence in Hyde County, North Carolina on Saturday

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