Latest News in the Business and Financial World

Sunday, February 28, 2021
Log in
  • Home
  • Company News & Financials
  • OTC Markets
  • Tech & Science
  • Health & LifeStyle
  • About WS OTC
    • Analysts & Contributors
    • Contact Us
    • Advertising
    • Feedback
    • Privacy Policy GDPR
  • Mobile
  • Latest News
    • New Theories Explain the Disappearance of the Mayan Civilization
    • What Happens If Coral Reefs Die?
    • Monsanto Loses Lawsuit for its Herbicide Products
    • Mankind (MNKD) shares Plunge after FDA Approves Afrezza, inhaled Insulin for Diabetes patients
    • Psychologists Confirm that Violent Video Games Boost Aggressiveness
    • World of Warcraft: Warlords of Draenor Release Date on Nov 13
    • iPass Global Hotspot Map Unveils Worldwide Wi-fi Coverage

Pages

  • About Wall Street OTC
  • Advertising
  • Analysts & Contributors
  • Contact
  • Feedback
  • Mobile
  • Privacy Policy GDPR
  • Terms of Service

Recent Posts

  • SF Hospital Slaps New Parents with $19K Bill for Baby Treatment
  • Furious Trump Blasts Harley-Davidson for Moving Production Overseas
  • Warning! MRI Machines Could Poison You
  • Flight Attendants More Likely to Get Certain Cancers
  • More Red Meat Allergy Cases Related to Lone Star Tick Bites

Californian Residents are Urged to Purchase Flood Insurance

Oct 25, 2015 By David Warren Leave a Comment

Email, RSS Follow
Californian residents are urged to purchase flood insurance ahead of the El Niño event already forming in the Pacific Ocean.

Waves caused by El Nino. Californian residents are urged to purchase flood insurance ahead of the El Niño event already forming in the Pacific Ocean.

Californian residents are urged to purchase flood insurance ahead of the El Niño event already forming in the Pacific Ocean.

FEMA is asking residents of California to purchase flood insurance as federal emergency officials predict an historic El Niño, with strong rains throughout the winter and the possibility of flash floods increasing.

Roy Wright, the deputy associate administrator with FEMA insurance and mitigation department advised Californian residents to take action against the risks posed by El Niño.

“If there was ever a time to buy flood insurance, this is the time. You cannot get it at the last minute. There’s a day 30-day wait period for a new flood insurance policies to go into effect”,

state Mr. Wright during a press conference.

Flood insurance is the best option funded by the federal government. In 1968, a law enforced this obligation as a large number of private insurance companies refused to offer insurance policies as heavy losses occurred.

For those in the high-risk areas, an insurance policy may reach 1,000 dollars per year. For people in areas less prone to floods, the insurance policy reaches at most 500 dollars per year. The minimum per year may reach 140 dollars. These areas are called ‘preferred risk’ areas with matching ‘preferred risk’ policies.

According to the press release statement, Californian residents may apply for flood risk ratings, as well as insurance quotes on the FEMA hosted website FloodSmart.gov. Californian residents are urged to purchase flood insurance, and preparations are already starting in many regions of the state. Bay Area is one such regions were storm preparations have already begun.

Recent flash floods occurring around the United States are a reminder that flood insurance is a must. To prevent the devastating effects of the stormy season, it is recommended that households are insured.

Extreme weather events such as the flash floods these weeks cause a lot of damage. The debris carried by the flood on the Interstate 5 caused long traffic blockages and stranded drivers. This year’s El Niño is expected to be stronger than the 1997-1998 El Niño. At the time, it is estimated that the damages reached 25 billion dollars.

It is also expected that this year’s El Niño will last throughout the entire winter season, according to the NOAA. Chances that it will continue into the early spring of next year are estimated at 80 percent.

Photo Credits: Wikimedia

Email, RSS Follow
The following two tabs change content below.
  • Bio
  • Latest Posts

David Warren

David Warren is a serious tech aficionado. Five years ago he finished his studies at the California Institute of Technology, Caltech, where he earned a degree in Computer Science. Two years ago he got hired as a data protection analyst in an American multinational. When he’s bored with security protocols he enjoys writing reviews and previews of his favorite gadgets and games.

Latest posts by David Warren (see all)

  • Scientists Take A Closer Look At One Of The World’s Largest Volcanic Eruptions - Oct 15, 2017
  • Insects Such As Fruit Flies Can Unexpectedly See In High-Res - Sep 10, 2017
  • The Swimming Style Of Plesiosaurs Explained By A Robot - Sep 1, 2017

Filed Under: National News

Subscribe to Blog via Email

Enter your email address to subscribe to this blog and receive notifications of new posts by email.

Join 72 other subscribers

Mom holding newborn's hands

SF Hospital Slaps New Parents with $19K Bill for Baby Treatment

Jun 29, 2018 By Anne-Marie Jackson Leave a Comment

Harley-Davidson biker

Furious Trump Blasts Harley-Davidson for Moving Production Overseas

Jun 28, 2018 By Anne-Marie Jackson Leave a Comment

MRI machine

Warning! MRI Machines Could Poison You

Jun 27, 2018 By Anne-Marie Jackson Leave a Comment

Flight Attendants More Likely to Get Certain Cancers

Jun 27, 2018 By Anne-Marie Jackson Leave a Comment

Lone star tick sitting on a succulent leaf

More Red Meat Allergy Cases Related to Lone Star Tick Bites

Jun 26, 2018 By Anne-Marie Jackson Leave a Comment

Time magazine cover

Time Admits Sobbing Cover Girl Was Not Separated from Parents

Jun 26, 2018 By Anne-Marie Jackson Leave a Comment

Sunshine and green leaves

Vitamin D Deficiency Could Boost Risk of Lung Disease

Jun 25, 2018 By Anne-Marie Jackson Leave a Comment

Green-light laser pointer

Greek Boy’s Retina Severely Damaged by Laser Pointer

Jun 22, 2018 By Anne-Marie Jackson Leave a Comment

Red Tesla car

Tesla Suing ‘Whistleblower’ over Data Theft

Jun 21, 2018 By Anne-Marie Jackson Leave a Comment

Boiled eggs and mayonnaise

Eating too Clean Can Lead to Orthorexia

Jun 20, 2018 By Anne-Marie Jackson Leave a Comment

NYC mayor Bill de Blasio

NYC Will Allow People to Smoke Pot in Public

Jun 20, 2018 By Anne-Marie Jackson Leave a Comment

A kitten and a puppy sleeping in a bed while hugging each other

Who Is Smarter Between Cats and Dogs? Researchers Have an Answer (Study)

Jun 19, 2018 By Anne-Marie Jackson Leave a Comment

Orthodox church in Greece

Being Religious Is Tied to Longer Lifespan, Study

Jun 19, 2018 By Anne-Marie Jackson Leave a Comment

Bacon and eggs for breakfast

How Does the Keto Diet Work?

Jun 18, 2018 By Anne-Marie Jackson Leave a Comment

Related Articles

  • Time magazine cover

    Time Admits Sobbing Cover Girl Was Not Separated from Parents

    Jun 26, 2018
  • Enraged Fresh Kitchen customer

    Enraged Customer Threatens to Call ICE on Spanish-Speaking Staff

    May 17, 2018
  • Stressed man in the office

    Americans Are Stressing Themselves Out over Their Bills

    May 9, 2018
  • Interior Department headquarters

    Interior Secretary Zinke’s Office Door Cost $139K

    Mar 9, 2018
  • Man inserting PIN on his business phone

    Trump Reportedly Planning Federal Takeover of Nascent 5G Network

    Jan 29, 2018
  • U.S. Physician

    Michigan Doctor Who’s Lived in U.S. for 40 Years About to Be Deported

    Jan 23, 2018
  • Police car flashing blue lights

    Four SC Officers Shot After Responding to Domestic Violence Call

    Jan 18, 2018
  • Donald Trump during the presidential campaign

    UN Votes Against Jerusalem Decision Despite Trump’s ‘Thuggish’ Threats

    Dec 24, 2017
  • Salvation Army bell ringer outside supermarket

    Salvation Army Gets $200K Kettle Contribution from Anonymous Donor

    Dec 19, 2017
  • Magnifying glass over several strings of 0 and 1 digits

    NC County Refuses to Pay Hackers $23K Ransomware

    Dec 10, 2017

Categories

  • Business
  • Company News & Financials
  • Diversified Financial
  • Entertainment
  • Featured
  • Health & LifeStyle
  • Micro Cap
  • Mid Cap
  • National News
  • Nature
  • OTC Exchange
  • OTC Markets
  • OTC Research
  • Science
  • Small Cap
  • Sports
  • Tech & Science
  • U.S.
  • Uncategorized
  • Wall Street
  • World
  • World Indexes

Copyright © 2021 wallstreetotc.com

About · Privacy Policy · Sitemap · Terms of Service · Contact

This website uses cookies to ensure you get the best experience on our website. Learn more.