North Korea’s Kim pledges thousands of new homes in storm recovery effort

By Sangmi Cha

SEOUL (Reuters) – North Korean leader Kim Jong Un promised to help typhoon-hit areas recover and to build at least 25,000 houses over the next five years, state media said on Wednesday.

Visiting one of the worst-hit areas of North Korea, Kim expressed regret over the more than 50-year-old houses in which people have been living and urged the military to embark on a more ambitious construction plan, KCNA said.

The visit came after Kim appeared to shed tears at the weekend as he thanked citizens for their sacrifices, in the most striking demonstration yet of how he is relying on his “man-of- the-people” persona to tackle his country’s deepening crises.

The military has reached a construction level of 60% for at least 2,300 houses in the Komdok area in South Hamgyong province, northeast of the capital, Pyongyang, the state media said.

Kim said new houses were

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Strong wind storm reportedly kills one, knocks out power for thousands of Puget Sound homes

Strong wind gusts whipped through the Puget Sound area and down the coast Tuesday, snapping branches and taking down utility poles, and reportedly killing one person and wiping out power for thousands of homes.

Winds ranged from 30 to 40 mph throughout most of the region, with peak gusts at 48 mph in Seattle, said meteorologist Matthew Cullen of National Weather Service Seattle. The wind storm came from a very strong low-pressure system that moved into northern Vancouver Island in British Columbia earlier Tuesday, combined with a front that extended across the region, he said.

Friday Harbor also saw 48 mph winds, while Olympia and Quillayute hit 45 to 46 mph gusts.

“It was pretty consistent up and down the coast,” Cullen said.

The person who died during the windstorm was clearing out a driveway on the Key Peninsula when a tree fell on them, Key Peninsula Fire spokeswoman Anne

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North Korea’s Kim pledges thousands of new homes in storm recovery effort: state media

By Sangmi Cha

SEOUL (Reuters) – North Korean leader Kim Jong Un promised to help typhoon-hit areas recover and to build at least 25,000 houses over the next five years, state media said on Wednesday.

Visiting one of the worst-hit areas of North Korea, Kim expressed regret over the more than 50-year-old houses in which people have been living and urged the military to embark on a more ambitious construction plan, KCNA said.

The visit came after Kim appeared to shed tears at the weekend as he thanked citizens for their sacrifices, in the most striking demonstration yet of how he is relying on his “man-of- the-people” persona to tackle his country’s deepening crises.

The military has reached a construction level of 60% for at least 2,300 houses in the Komdok area in South Hamgyong province, northeast of the capital, Pyongyang, the state media said.

Kim said new houses were

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Delta now a tropical storm; nearly 500K Louisiana homes lose power

Nearly a half-million Louisiana homes were reportedly without electrical power early Saturday morning, hours after Hurricane Delta made landfall in the Gulf Coast state.

As of 11:30 p.m. CT Friday, nearly 465,000 Louisiana households were affected by the outage, according to poweroutage.us. The number rose to more than 480,000 households shortly after midnight.

By 1 a.m. CT Saturday, the hurricane was downgraded to a tropical storm, according to an advisory from the National Hurricane Center. At that time, the storm was located 15 miles east-southeast of Alexandria, La., with maximum sustained winds of 60 mph, the NHS advisory said.

By 4 a.m. CT Saturday, the tropical storm was about 45 miles south-southeast of Monroe, La., with maximum sustained winds down to 45 mph, the NHS said in an advisory.

Delta had hit land around 6 p.m. CT Friday near Creole, La., with heavy rainfall and strong winds in a region

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CoreLogic Risk Analysis Shows Hurricane Delta Threatens 293,685 Homes with Storm Surge Damage

—With striking similarities to Hurricane Laura, Hurricane Delta threatens the same coastal towns already struggling to recover—

CoreLogic® (NYSE: CLGX), a leading global property information, analytics and data-enabled solutions provider, today released data analysis showing 293,685 single-family and multifamily homes across Louisiana and the U.S. Gulf Coast with a reconstruction cost value (RCV) of approximately $62.85 billion are at potential risk of storm surge damage from Hurricane Delta based on its projected Category 2 status at landfall. These estimates are based on the October 7, 5 p.m. Eastern Daylight Time (EDT) National Hurricane Center forecast.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20201008005338/en/

Hurricane Delta: Number of Homes at Storm Surge Risk and Associated Reconstruction Cost Value (Graphic: Business Wire)

“After battering the Yucatán Peninsula near Cancún, Mexico, Hurricane Delta is headed for the Gulf Coast just weeks after Hurricane Laura brought significant wind and storm

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Florida Braces for a Storm of Homeowners Insurance Rate Hikes

(Bloomberg Businessweek) — Every year since 2010, Florida has gained about 300,000 residents. The consistent stream has become the state’s lifeblood, keeping taxes low while injecting billions into new-home construction and associated businesses. When Covid-19 hit, there was concern the migration would stop.

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The reverse happened. “We’ve never written more [sales] contracts in our 94-year history than we did in June this year,” says Mike Pappas, president of the Keyes Co., a privately held real estate, mortgage, and insurance company based in Miami. “You’re definitely getting, from the Northeast, a surge of people looking for housing.”

Many of these newcomers may not know what they’re getting into. They’ve calculated the cost of their house, their mortgage, their car payments, their property taxes, and their home insurance. What they almost certainly haven’t taken into account is the reinsurance market—where insurance companies go to share risk. The peculiar dynamics of

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