Sunday, July 22, 2018
Business

Early estimates peg Hurricane Irma damage at as much as $65B

The damage totals from Hurricane Irma are still being tallied, but early numbers are in: As of Tuesday, the storm is estimated to have caused between $42.5 billion and $65 billion of damage. That's according to a Tuesday release by Irvine, Calif.-based analytics company CoreLogic.

COMPLETE COVERAGE:Find all our coverage about Hurricane Irma here

Between $13.5 billion and $19 billion of that damage is insured.

Flooding caused between $25 billion to $38 billion of the damage across Alabama, Florida, Georgia, North Carolina and South Carolina. Between $5 billion and $8 billion of residential flood loss was insured.

"An estimated 80 percent of flood damage to residential properties from Hurricane Irma is not covered by any flood insurance," the CoreLogic release said.

Despite the high flood damage, according to the Florida Office of Insurance Regulation, there were just 577 private flood insurance claims in Florida. As of Monday, there were 372,281 claims filed related to Hurricane Irma across the state totalling almost $2.2 billion.

Contact Malena Carollo at [email protected] or (727) 892-2249. Follow @malenacarollo on Twitter.

Comments
Some not-so-tiny obstacles in the growing market for tiny houses

Some not-so-tiny obstacles in the growing market for tiny houses

When Tom Alsani heard about plans for a tiny-home community in St. Petersburg, he got so excited he immediately wanted to know more. "Right now I have a house with three bedrooms but the kids are gone and I’m trying to downsize,’’ says Alsani, a qual...
Published: 07/23/18
Author drills into federal government’s role pushing segregation

Author drills into federal government’s role pushing segregation

Before researching his latest book, Richard Rothstein had some vague ideas about why residential segregation took root in so many communities during the 20th century.Like many of us, he had little reason to doubt the de facto explanation: A history o...
Published: 07/23/18
St. Petersburg cites hotel in Historic Uptown for code violations

St. Petersburg cites hotel in Historic Uptown for code violations

Times Staff WriterST. PETERSBURG — The owner of the popular Hollander hotel has been hit with a notice of code violations at a hotel he is currently renovating. A city codes investigator found that Lake View House at 465 Seventh Ave. N is operating w...
Published: 07/23/18
At beach resorts, this bizarre sunscreen booth can mean business

At beach resorts, this bizarre sunscreen booth can mean business

Nothing will ruin your beach vacation faster than a sunburn.Get scorched, and suddenly everything that was meant to be fun isn’t: Massages at the spa hurt, day-drinking by the pool hurts, getting on jet skis hurts. Listening to your skincare-obsessed...
Published: 07/22/18
He was fired after an encounter with a ‘racist’ customer. After sharing his story, Home Depot changed its mind.

He was fired after an encounter with a ‘racist’ customer. After sharing his story, Home Depot changed its mind.

After a man last Thursday approached the checkout at a Home Depot in Albany, New York, staff member Maurice Rucker asked him to leash his dog. That’s when the man exploded.Rucker, a 60-year-old black man, claimed he was fired Tuesday after defending ...
Published: 07/21/18
Open office plans are as bad as you thought

Open office plans are as bad as you thought

A cubicle-free workplace without private offices is supposed to force employees to collaborate. To have them talk more face-to-face. To get them off instant messenger and spontaneously brainstroming about new ideas.But a recent study by two researche...
Published: 07/21/18
Rays 2020 brings ‘road show’ to Sun City Center Chamber

Rays 2020 brings ‘road show’ to Sun City Center Chamber

SUN CITY CENTER — Business leaders and volunteers determined to help the Rays baseball team find a new stadium home in Ybor City are willing to go to every corner of Tampa Bay to raise awareness and support.Including Sun City Center.Tampa Bay Rays 20...
Published: 07/20/18
Updated: 07/22/18
Officials speak out against demolition plans for historic Jordan Park section

Officials speak out against demolition plans for historic Jordan Park section

ST. PETERSBURG — Pinellas County School board chair Rene Flowers was fired up Friday. She talked about growing up in Jordan Park, the city’s first public housing project and a sentimental and historic marker of St. Petersburg’s African-American commu...
Published: 07/20/18
Florida is still paying SunPass contractor, even after officials said they would stop

Florida is still paying SunPass contractor, even after officials said they would stop

Florida has not stopped paying the SunPass contractor responsible for the tolling system’s outage, even after transportation officials said the state would suspend all payments.In a letter on Monday, FDOT secretary Mike Dew said the state would not p...
Published: 07/20/18
Florida among the top 3 states with the most income inequality

Florida among the top 3 states with the most income inequality

Florida is one of three states in the nation with the biggest income gap between the very rich and everyone else.In 2015, a family in the top 1 percent nationally had an average income of more than $1.3 million — or 26.3 times as much as the $50,107 ...
Published: 07/20/18