Natural Disaster

Tech startup offering AI-driven property level risk modeling

Affordability, Alabama, California, Climate Change, FEMA, Flood insurance, Florida, Homeowners insurance, Hurricane, HWmember, Insurance, Mississippi, National Flood Insurance Program, Natural Disaster, Real Estate, Tornado, Wildfire / Ricky Vasquez

San Diego-based startup FutureProof is using artificial intelligence (AI) to change the way insurers assess catastrophe risk and set premiums, a shift that could make insurance both more affordable and easier to come by in disaster-prone regions. “FutureProof started with thinking about the build environment and everyone’s homes and businesses,” FutureProof co-founder and co-CEO Alisa […]

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Experts warn of ‘cycle of doom’ for last resort home insurance

Alabama, Arizona, California, Climate Change, Florida, HWmember, Louisiana, Mississippi, Natural Disaster, North Carolina, Real Estate, Texas, Wildfire / Ricky Vasquez

A growing number of U.S. homeowners are finding their only property insurance option is their state’s last-resort program, according to a new report from the National Resources Defense Council (NDRC). Data shows extreme weather driving private insurers from high-risk areas and forcing premiums higher for everyone else. Last resort programs — known as Fair Access

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California wildfire rebuilding bill paused until 2026

Affordable housing, California, Housing Market, HWmember, Legislation, Los Angeles, Los Angeles Times, Luxury Real Estate, Natural Disaster, Wildfire / Ricky Vasquez

A California wildfire recovery bill will be shelved until 2026, after a torrent of online conspiracy theories and confusion overwhelmed public discussion and policymaking, the Los Angeles Times reported. State Sen. Benjamin Allen (D-Santa Monica) announced that he would pause S.B. 549 — legislation that would have created a local authority to buy lots destroyed

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Realtors Relief Foundation sends $500K to Texas flood victims

Disaster Relief, Flood, HWmember, National Association of Realtors, Natural Disaster, Real Estate, Texas / Ricky Vasquez

The nonprofit Realtors Relief Foundation (RRF) has allocated $500,000 to assist residents in south central Texas following recent floods that took the lives of more than 130 people and displaced families across the region. The funding — distributed through Texas Realtors and eight local associations — will be used to help affected residents cover housing

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‘Insufficient funds’ delay State Farm wildfire check for nearly $900K

California, Chase, Homeowners insurance, Housing Market, HWmember, Insurance, Los Angeles, Natural Disaster, Wildfire / Ricky Vasquez

A nearly $900,000 insurance check from State Farm failed to clear for more than a week, raising alarm for an Altadena, California, homeowner still displaced by January’s wildfires. Amelia McDonald, a veteran insurance defense attorney, deposited a check for $876,354.07 on June 30. But by July 9, the funds were still unavailable. A Chase bank

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North Carolina real estate office reopens after Hurricane Helene devastation

Brokerage, HUD, Hurricane, Natural Disaster, North Carolina, Real Estate / Ricky Vasquez

Premier Sotheby’s International Realty has reopened its office in Asheville, North Carolina, marking a significant milestone in the region’s recovery from Hurricane Helene. The real estate agency, which was severely damaged in the storm, underwent extensive restoration over the past nine months. Its reopening was commemorated with a ceremony on June 16, where a plaque

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FEMA rescinds strategic agency plan ahead of hurricane season

Disaster Relief, FEMA, Housing Market, Hurricane, HWmember, Natural Disaster, Politics / Ricky Vasquez

Hurricane season is set to commence on June 1, but the Federal Emergency Management Agency (FEMA) — which has been experiencing organizational challenges for the past several weeks — has reportedly rescinded its guiding plan for agency objectives and priorities, according to multiple FEMA employees and a memo obtained by news outlet Wired. On Wednesday,

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HUD approves Asheville’s hurricane recovery plan after initial objection over DEI

Disaster Relief, Government Lending, Housing Market, HUD, Hurricane, HWmember, Natural Disaster, North Carolina, Politics / Ricky Vasquez

After an initial rejection and amendment of its required Hurricane Helene recovery plan as it seeks more than $200 million in federal funds, the City of Asheville, North Carolina’s revised plan has received approval from the U.S. Department of Housing and Urban Development (HUD). In March, HUD rejected Asheville’s initial draft action plan, a required

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FEMA isn’t prepared for hurricane season, acting director concedes

Disaster Relief, FEMA, Housing Market, Hurricane, HWmember, Natural Disaster, Trump administration / Ricky Vasquez

Following a dramatic turn of events at the Federal Emergency Management Agency (FEMA) last week, the newly-installed acting leader acknowledged that the agency does not have a disaster response plan even though hurricane season is jus two weeks away. Former acting FEMA chief Cameron Hamilton initially raised eyebrows when he was chosen to lead the

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Tech startup offering AI-driven property level risk modeling

Experts warn of ‘cycle of doom’ for last resort home insurance

California wildfire rebuilding bill paused until 2026

Realtors Relief Foundation sends $500K to Texas flood victims

‘Insufficient funds’ delay State Farm wildfire check for nearly $900K

North Carolina real estate office reopens after Hurricane Helene devastation

FEMA rescinds strategic agency plan ahead of hurricane season

HUD approves Asheville’s hurricane recovery plan after initial objection over DEI

FEMA isn’t prepared for hurricane season, acting director concedes

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