The federal government has increased its disaster funding dramatically in recent years, a function of both people living in risky places and, in many cases, risks themselves increasing because of climate change. (Photo: iStock)
(Bloomberg) — Forecasters are expecting this year's North Atlantic hurricane season to be roughly average, with about 14 named storms including six full-fledged hurricanes.
Last week, the government finally dealt with the fallout from 2018, enacting a $19.1 billion relief package to help U.S. towns and cities still recovering from last year's natural disasters. Even before that, 2018 had already drawn more emergency funding than any year since 2005, the costliest year on record.
Want to continue reading?
Become a Free PropertyCasualty360 Digital Reader
Your access to unlimited PropertyCasualty360 content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Breaking insurance news and analysis, on-site and via our newsletters and custom alerts
- Weekly Insurance Speak podcast featuring exclusive interviews with industry leaders
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the employee benefits and financial advisory markets on our other ALM sites, BenefitsPRO and ThinkAdvisor
Already have an account? Sign In Now
© 2025 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
