Florence expose gaps in flood insurance

Rescue workers use a small boat as they go house to house inspection for the victims of the floods of Florence in New Bern, NC., Saturday, Sept. 15, 2018. (AP Photo/Steve Helber)

NEW YORK – The number of Americans with flood insurance is on the rise, but Hurricane Florence is likely to make it painfully clear that there are too many homeowners in the Carolina’s and other vulnerable regions remain unprotected.

Florence came ashore in the Carolinas Friday, and the storm surges, flooding and wind spread destruction on a large scale.

Federal data shows there were approximately 5.1 million active flood insurance policies in the US on 31 July, up from 4.94 million a year earlier.

North Carolina and South Carolina each had modest gains in flood insurance, but coverage gaps remain.

Even with the recent gains, the five-year trend is negative. The number of homes is a decrease of 3 percent in North Carolina and 6 percent in South Carolina compared with five years ago.

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