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Lake Lure dam has made it so far.
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I could see that $100 billion number growing higher. Helene was about 350 miles wide and affected 15 states. There's so much infrastructure damage all the way from Florida to Tennessee. Get ready for the next homeowners insurance increase.
Did anyone see tonights 60 Minutes story on the blatant (multiple company) insurer fraud ongoing from Hurricane Ian? Numbers manipulated on the corporate level to lower reimbursements. The only way homeowners were able to get the actual adjuster assessment amount was to lawyer up and sue the insurer! 50,000 FL homeowners still battling it out to get properly estimated reimbursement payment. Incidentally that 2022 storm damage cost was about $113 billion! No wonder they don't want to pay out, and it's going to happen again in 2024. https://www.msn.com/en-us/news/other/florida-home-hurricane-damage-reports-changed-whistleblowers-say/ar-AA1rqIEe?ocid=BingNewsSerp |
More bad news, just saw a post from Carter County Tennessee officials and checked on Google Maps showing there are essentially no safe interstates, highways, roads or bridges left between Tennessee and North Carolina. All traffic will need to proceed north on I-81 into Virginia, then I-77 south through Charlotte. Looks like it will be that way for a long time, mind boggling.
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Tapoco Tavern by the TOTD is open for business but the Tail will be busy being used as a detour from NC to TN.
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Essentially there are very few routes from TN into NC right now, though. I am back and forth into NC often and other than I-40 (from the Knoxville area) there simply aren't many good routes. Very mountainous. Heck, even I-40 through the mountains is a windy, slow, road for an interstate... I was talking to a buddy of mine who is big into white water rafting. He told me this morning (and sent me the chart) that typical flows for the Nolichucky River are less than 700 cubic feet per second (cfs). He said that if the flow gets above 3000 cfs, it is dangerous to raft. This past Friday, the flow meter broke at 92,000 cfs and it was still going up rapidly. |
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I can't imagine the Nolichucky River, which I kayaked decades ago, at 92K cfs...my goodness the power of that much water in a confines space is off the charts. |
Before and after of Coquina Beach near my house.
http://forums.pelicanparts.com/uploa...1727715507.jpg |
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I delivered a truck load of gens, chainsaws, tarps, tools, spares, etc. to my daughter and her fiance on Saturday...they met me in Fayetteville, about a 5 plus hour drive for me. http://forums.pelicanparts.com/uploa...1727717364.jpg You can see I dropped and scooted:cool: They got busy. http://forums.pelicanparts.com/uploa...1727717509.jpg Spencer is a really good guy...the stable apartment is on the right, you can see the chimney. The trees fell in the breeze way between the apartment and stalls, where the ponies where. |
Much of that $100BN is probably not covered by insurance. Standard homeowner’s policies do not cover storm surge, flood or mudslide. I’m not sure if flood insurance covers mudslide. Someone in the insurance biz can correct me on this. FEMA will help but rebuilding may be cost prohibitive. Losing your job because the business you worked for is gone is not covered. I think - not positive - that much public infrastructure (roads etc) is self-insured.
Insurance stocks are non-plussed by Helene. That’s probably a bad sign for Helene victims. Edit: early estimates are insured loss in the mid-single-digit $ billions. |
My BIL is from NC and most of his family still live there, he has a second house to which he plans to retire when his daughter is done with college in Oregon. His uncle is missing, swept away and presumed dead; his aunt survived the mudslide that hit her house but is awaiting helicopter rescue with her neighbors; his sister was running out of food and fuel until he reached her; as far as I know his house is standing; my sister has been told to stay away until it is safer.
Seriously, give me earthquakes. Your typical 1-2 story wood framed house, properly bolted down, will survive an earthquake with repairable damage. Your personal odds of dying in even a very large earthquake are miniscule. The destruction from Helene is horrific. No US earthquake in the past century comes close. |
On homeowner’s insurance premiums - across much of the US, they are only going up. Rising cost of repair, rising litigation costs, and rapidly increasing severity of catastrophic weather events (hurricanes) and weather-related events (wildfire) will see to that.
Insurers do not have reliable models for weather-related catastrophe - they have lots of models, but the models don’t agree closely enough and none have been truly tested. They are raising premiums and pulling out of some areas and states where they can't raise premiums enough. |
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The more leisurely times at lower levels were just as cool. A river dawg (vested & ran the river every day) hitched a ride once between my legs in a rubber 1-man funyak on the lower brown water section .... we had been warned to expect it ... & they knew who picked up hitchdawgs .... me :) |
Local storms spawned tornados just north of me yesterday, it's raining outside right now. Friday when the storm passed thru was just 3" more ... like every other day has been.
Drought and dry as a bone on July 4th .... Hasn't stopped raining since it seems.... Rain, rain, go away.... please. |
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The folks on TV ...
This is just heartbreaking .... and will continue to be as it folds out..... |
My heart goes out to all of those affected. :(
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