![]() That led the federal government to create the National Flood Insurance Program in 1968, and it now provides the vast majority of residential flood insurance in the U.S. "They didn't have maps or statistical basis to calculate what the premiums could be, which is the bread and butter of insurance, and partly because, I think, of an intuition - probably true - that if they could figure it out, no one would be able to afford it." That's because it's complicated to figure out which places will flood and how often those floods will occur. insurance market happened decades ago when most companies stopped covering flooding.Ĭompanies decided flooding was "uninsurable," says Don Hornstein, a professor at the University of North Carolina School of Law. This crisis has been a long time in the makingĪmerican insurers already have a history of cutting back coverage in the face of disasters. But mounting damages have led many home insurance companies to stop offering insurance policies in high-risk areas, or to even pull out of entire coastal states. Some residents in coastal areas such as Cameron Parish, La., have raised their homes and taken other measures to make them more resilient to hurricanes. "Just as a human being, if you want to be able to stay where you live or where your job is or where your kids go to school, you want to be able to rebuild your house, you have to have a solvent insurance company that provides good coverage so that you can rebuild." It's just ingrained with everything," says David Marlett, managing director of the Brantley Risk & Insurance Center at Appalachian State University. "That impacts real estate, it impacts construction, it impacts lending. So, when people can't get home insurance, or have inadequate coverage, the consequences can be profound. The shrinking of home insurance options comes at a time when most American families have little in savings, and many can't get a loan to repair a house that's damaged or destroyed. The United States is "marching steadily towards an uninsurable future," says Dave Jones, a law professor at the University of California, Berkeley and the state's former insurance commissioner.Īllstate wouldn't comment on Pratt's case. The state is grappling with a home insurance crisis in the wake of repeated climate-driven storms. Southwest Louisiana's Cameron Parish was badly damaged by Hurricane Laura in 2020. ![]() It leaves us feeling extremely vulnerable." "But to just drop people - you know, it's scary. Earlier this month, Pratt got a letter from Allstate, her home insurer of 31 years, saying her coverage was being dropped because of the threat from wildfires. ![]() Pratt says she emptied her savings to make her "home for life" fire resistant.īut it didn't matter. So Pratt did what homeowners in fire-prone areas are supposed to do: She added a metal roof, traded wood decking for laminate, installed a water tank and a fire hose, and cleared vegetation near her house. Many residents in the area are losing their home insurance because of rising wildfire risk.īig wildfires had started burning more often in California, creeping closer to Beth Pratt's home near Yosemite National Park. 1)īeckett’s Barrel Room beckons: New BG lounge features bourbon and more (Oct.A row of mailboxes tagged with evacuation notices during the Oak Fire in Mariposa, Calif., in July 2022. Question: Who’s undefeated again? Answer: Elmwood wins quiz bowl tourney (March 5)Ĭ-A-N-C-E-L-E-D: County spelling bee comes to an end (April 7)įinders, keepers: Iconic BG music store is for sale (Sept. Notre Dame coach still has Bowling Green in her blood, Most hated man in football: Blair is ‘red hat guy’ on the field, īG native says ‘Always compete over your head,’ I have been blessed with beautiful feet, ![]() Here are links to some of the winning entries: The Sentinel-Tribune is owned by AIM Media Midwest. The Sentinel-Tribune competed in division 1 of the contest. He got second place for best photographer. Pooley won first place in best feature photo and best video. His Relatively Speaking column runs every-other Wednesday.įormer Sentinel-Tribune multi-media journalist J.D. Patrick Eaken won third place in best sports feature writing.Ĭolumnist Raul Ascunce won second place. Paginators Kerri Mellick and April Moore also shared in that honor. Rogers was also part of the team that won third place in best full page design. Winners were announced on Saturday in Columbus.Įditor Debbie Rogers won first place for headline writing. The Sentinel-Tribune received several awards in the Associated Press Media Editors contest.
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