{"id":1667964,"date":"2022-10-01T11:19:38","date_gmt":"2022-10-01T15:19:38","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1667964"},"modified":"2022-10-01T11:21:36","modified_gmt":"2022-10-01T15:21:36","slug":"thousands-of-florida-households-facing-financial-ruin-in-wake-of-hurricane-ian","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/thousands-of-florida-households-facing-financial-ruin-in-wake-of-hurricane-ian\/","title":{"rendered":"Thousands Of Florida Households Facing Financial \u2018Ruin\u2019 In Wake Of Hurricane Ian"},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"&quot;\"><div class=\"counts mashsbcount\">24<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Fthousands-of-florida-households-facing-financial-ruin-in-wake-of-hurricane-ian%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1667964&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><p>Thousands of <a href=\"https:\/\/www.dailywire.com\/topic\/florida\" target=\"_blank\" rel=\"noopener\">Floridians<\/a> without flood insurance could face financial ruin in the wake of <a href=\"https:\/\/www.dailywire.com\/topic\/hurricane-ian\" target=\"_blank\" rel=\"noopener\">Hurricane Ian<\/a>, which first <a href=\"https:\/\/www.dailywire.com\/news\/millions-left-without-power-as-hurricane-ian-devastates-florida\" target=\"_blank\" rel=\"noopener\">hit<\/a> the Gulf Coast as a Category 4 hurricane on Wednesday, according to a new <a href=\"https:\/\/www.politico.com\/news\/2022\/10\/01\/hurricane-ian-will-financially-ruin-homeowners-00059615\" target=\"_blank\" rel=\"noopener\">report<\/a>.<\/p>\n<p>Large swaths of Florida\u2019s western coastline, including the Fort Myers area, were battered by Ian as ocean waters slammed the coast and the storm brought massive rainfall, leading to the flooding of inland areas where people are less likely to have flood insurance.\u00a0<\/p>\n<p>\u201cIan could financially ruin thousands of families in Florida. There\u2019s no better way to say it,\u201d Mark Friedlander of the Insurance Information Institute told Politico. He added that people could be \u201cdevastated\u201d by the impact of the storm, especially if they did not have flood insurance.\u00a0<\/p>\n<p>According to E&#038;E News, only 29% of individuals in the nine counties with a disaster <a href=\"https:\/\/www.wptv.com\/weather\/hurricane\/president-joe-biden-approves-major-disaster-declaration-for-9-florida-counties-after-hurricane-ian\" target=\"_blank\" rel=\"noopener\">declaration<\/a>\u00a0approved by the White House have flood insurance. The counties, Charlotte, Collier, DeSoto, Hardee, Hillsborough, Lee, Manatee, Pinellas and Sarasota, are home to roughly 2.8 million people.\u00a0<\/p>\n<p>In Hardee County, which has around 8,000 households, only 100 are covered with federal flood insurance. This means that thousands of residents could be in serious trouble if their homes were destroyed as a result of Ian.\u00a0<\/p>\n<p>\u201cThere are going to be a lot of folks without flood coverage,\u201d said Carolyn Kousky, an expert on floods. \u201cIf you don\u2019t have insurance, economic recovery from these events is really hard.\u201d<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-444859\" class=\"wp-image-444859\" src=\"https:\/\/www.dailywire.com\/wp-content\/uploads\/2022\/10\/GettyImages-1243632309-300x186.jpg\" alt=\"\" width=\"490\" height=\"305\" srcset=\"https:\/\/dw-wp-production.imgix.net\/2022\/10\/GettyImages-1243632309-300x186.jpg 300w, https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-content\/uploads\/2022\/10\/GettyImages-1243632309-929x576-1.jpg 929w, https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-content\/uploads\/2022\/10\/GettyImages-1243632309-768x476-1.jpg 768w, https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-content\/uploads\/2022\/10\/GettyImages-1243632309.jpg 1024w\" \/><\/p>\n<p id=\"caption-attachment-444859\" class=\"wp-caption-text\">FORT MYERS BEACH, FL \u2013 SEPTEMBER 30 Storm damage from Hurricane Ian at Fort Myers Beach, FL, on Friday, September 30, 2022. (Ted Richardson\/For The Washington Post via Getty Images)<\/p>\n<p>According to one <a href=\"https:\/\/abcnews.go.com\/Business\/hurricane-ians-damage-reach-65-billion\/story?id=90693223\">estimate<\/a>, the storm could cost between $55-65 billion in damage to infrastructure, homes, and farms in the Sunshine State. Florida\u2019s citrus industry is expected to take an especially hard hit because of the storm.<\/p>\n<p>Florida\u2019s insurance industry is also facing financial difficulties, which could be exacerbated by the aftermath of the massive storm.\u00a0<\/p>\n<p>\u201cFlorida is already having a problem with [insurance] availability. It\u2019s having a problem with affordability. And it\u2019s having a problem with reliability when insurance companies are going insolvent,\u201d said Nancy Watkins, a principal with an actuarial consulting group. \u201cAll three of the pillars of a sustainable market are under threat.\u201d\u00a0<\/p>\n<p>Since hitting Florida, Hurricane Ian has been <a href=\"https:\/\/www.dailywire.com\/news\/ian-downgraded-to-post-tropical-storm-flash-flooding-high-winds-still-expected-to-batter-carolinas\" target=\"_blank\" rel=\"noopener\">downgraded<\/a> to Post-Tropical Cyclone Ian as it moves across the eastern <a href=\"https:\/\/www.dailywire.com\/news\/south-carolina-piers-collapsing-one-floating-south-as-ian-strikes-again\">Carolinas<\/a>, but officials are still warning of dangerous conditions brought on by the storm.<\/p>\n<p>The National Hurricane Center <a href=\"https:\/\/www.nhc.noaa.gov\/graphics_at4.shtml?start\">said<\/a> Friday afternoon that high winds of up to 70 mph are expected to continue through early Saturday along the coasts of South Carolina and in southeastern North Carolina. \u201cConsiderable flooding\u201d is also forecast for the Carolinas and southeast Virginia.<\/p>\n<p>The agency previously <a href=\"https:\/\/www.dailywire.com\/news\/not-out-of-the-woods-yet-hurricane-ian-makes-landfall-again-in-south-carolina\">warned<\/a> residents of coastal South Carolina that storm surges could reach heights of seven feet in some areas if peak surges occur during high tide. Video of the touristy downtown Charleston, South Carolina, showed major flooding already affecting the city. Downed power lines were also reported in the area.<\/p>\n<p><em>Zach Jewell contributed to this report.<\/p>\n<p><\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Thousands of Floridians without flood insurance could face financial ruin in the wake of Hurricane Ian, which first hit the Gulf Coast as a Category 4 hurricane on Wednesday, according to a new report. Large swaths of Florida\u2019s western coastline, including the Fort Myers area, were battered by Ian as ocean waters slammed the coast &#8230;<\/p>\n","protected":false},"author":1,"featured_media":1667966,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"","fifu_image_alt":"","footnotes":""},"categories":[],"tags":[],"class_list":["post-1667964","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry"],"_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1667964","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=1667964"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1667964\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/1667966"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=1667964"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=1667964"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=1667964"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}