Hurricane Harvey set to be most costly natural disaster in U.S. history
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1 Tenpoundbass   ignore (6)   2017 Aug 30, 4:23am   ↑ like (0)   ↓ dislike (0)     quote        

I'm just glad my house will be paid off in 3 years. People living in Wyoming will be paying $3K a year for mandatory Hurricane insurance before the fraud of this one has worked its way through. They are saying the areas hardest hit most are uninsured or the structures were uninsurable in the first place. I've got a feeling the insurance industry is going to claim they spent 10 billion for ever 1 billion they spend on this.
2 P N Dr Lo R   ignore (1)   2017 Aug 30, 8:36am   ↑ like (0)   ↓ dislike (0)     quote        

Hurricane Harvey set to be most costly natural disaster in U.S. history

STATE COLLEGE, PENNSYLVANIA
August 30, 2017 4:08am

• Could equal the losses caused by Hurricanes Katrina and Sandy
• “The economy's impact, by the time its total destruction is completed, will approach $160 billion”

Hurricane Harvey, which has wreaked havoc in Texas, is expected to be the most costly natural disaster in United States history, according to estimates by the private weather forecasting company AccuWeather Inc. “This will be the worst natural disaster in American history. The economy's impact, by the time its total destruction is completed, will approach $160 billion, which is similar to the combined effect of Hurricanes Katrina and Sandy,” says Joel Myers, founder, president and chairman of AccuWeather. He says this represents a negative impact on the economy of 8/10 of 1 percent of the gross national product or GDP. The GDP is $19 trillion currently. “Business leaders and the Federal Reserve, major banks, insurance companies, etc. should begin to factor in the negative impact this catastrophe will have on business, corporate earnings and employment,” he says. “The disaster is just beginning in certain areas. Parts of Houston, the United States' fourth largest city will be uninhabitable for weeks and possibly months due to water damage, mold, disease-ridden water and all that will follow this 1,000-year flood. "The worst flooding from Harvey is yet to come as rivers and bayous continue to rise in Texas with additional levees at risk for breaches and failures. "The meteorologist forecasting community as a whole did a very good job in warning people about this storm,” Mr. Myers says. “Public officials were slow, in some cases, to react or to know what to do, which affected too many people and caused the loss of property and damage and destruction. This was unfortunate because when a natural disaster threatens, minutes and hours count and preparation and risk avoidance is imperative.” “The entire meteorological community did a first rate job, and it's frustrating that some entities were slow to take action,” he says.
3 Ceffer   ignore (1)   2017 Aug 30, 8:42am   ↑ like (0)   ↓ dislike (0)     quote        

Since we are into hyperbole, why don't we just call it the greatest flood since the ark. That way, we can really rattle those Hare Krishna begging bowls.

"It's going to cost trillions and trillions!"
4 zzyzzx   ignore (1)   2017 Aug 30, 11:35am   ↑ like (1)   ↓ dislike (0)     quote        

Who the fuck buys a house in a low lying area?
I live on a hill for a reason!


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