disaster recovery News

Small Businesses Hurt by Maryland Bridge Collapse Are Eligible for Disaster Loans

The Small Business Administration is offering assistance to those affected by the bridge collapse in Maryland. Small businesses in the Mid-Atlantic region will be eligible for low-interest, long-term Economic Injury Disaster Loans of up to $2 million“The SBA joins the …

Insurance Industry Readies for Historic Losses From Baltimore Bridge Tragedy

It’s very early in the recovery process and already the numbers are large. Insured losses for the tragic collapse of the Francis Scott Key Bridge in Baltimore could be as much as $2 billion to $4 billion, according to Morningstar. …

New FEMA Rules Aim to Cut the Red Tape of Disaster Recovery

Anyone who has lived through a natural disaster and then applied to the federal government for assistance knows that it can be a lengthy, frustrating and bureaucratic process. New rules announced Friday by the federal agency in charge of emergency …

Former Finance Manager of WV Disaster Assistance Sentenced to 3 Years for Theft

CHARLESTON, W.Va. (AP) — A former finance manager of a nonprofit organization that assists West Virginia disaster victims was sentenced Thursday to more than three years in prison for the theft of $871,000 from the group. Benjamin Cisco, 31, of …

New York Fed to Present Research on Impact of Extreme Weather Events

The Federal Reserve Bank of New York announced it will release a nine-part blog series on the economic and financial impacts of extreme weather events in the Federal Reserve’s Second District. Starting November 8, the Liberty Street Economics series will …

New England Braces for Lee After Days of Torrential Rains

Soaked and stunned residents in neighborhoods across Massachusetts, Rhode Island and Connecticut have begun surveying and fixing damage from several days of flooding and a reported tornado, while they and others in the region also prepare for more heavy rain …

Vermonters Race to Find Housing As Flood Recovery Continues and Winter Approaches

Seven weeks after catastrophic flooding in Vermont destroyed their mobile home, Sara Morris and her family don`t yet know what they will do for housing long-term. She and her husband, their three kids and his mother have been staying with …

Vermont Farmers Urged to Document Crop Losses From Flooding

Vermont state and federal officials are urging farmers to document and report damage from the catastrophic flooding that hit the state two weeks ago and inundated crops in the rural mountainous state known for its scenic farmland. They toured Paul …

Federal Disaster Declaration Approved for Spring Storm in Maine

President Joe Biden approved a disaster declaration request from Maine, freeing federal aid to help communities recover following a severe storm and flooding in the spring, officials said Friday. The state reported nearly $3 million in infrastructure damage across nine …

‘Small Miracle’: How the I-95 Bridge Reopened Just 12 Days After Fiery Collapse

The rapid repair of a key stretch of Interstate 95, two weeks after a fiery crash caused an overpass to collapse, prompted one newspaper in Germany — known for having some of the world’s best roadways — to call the …