Why Federal Flood Program Is Sinking Deeper Into Debt: CBO Report

The federal flood insurance program is on a course to continue falling deeper in debt, even when there is no catastrophic storm like Katrina or Harvey. The National Flood Insurance Program is currently on a path that will lead to a shortfall of $1.4 billion because its method for setting premiums has underestimated how much its claims will cost by about $1.1 billion and also because legislated surcharges are about $300 million shy of what's needed to cover premium discounts given to certain properties, according to the Congressional Budget Office report, National Flood Insurance Program Financial Soundness and Affordability .

Powerful Category 4 Hurricane Irma aims at Caribbean islands

Officials across the northeastern Caribbean canceled airline flights, shuttered schools and urged people to hunker down indoors as Hurricane Irma barreled toward the region as a powerful Category 4 storm expected to strengthen more before nearing land late Tuesday. States of emergency were declared in Puerto Rico, the U.S. Virgin Islands and all of Florida while people on various Caribbean islands boarded up homes and rushed to find last-minute supplies, forming long lines outside supermarkets and gas stations.

You may not be covered by flood insurance

As many people across Southwest Florida recover from record-breaking rainfall, some homeowners are wondering if their properties are covered in the event of another round of flooding. It's a common misconception that can cost homeowners thousands of dollars after a severe storm, once they realize that not all insurance is created equal.

Hurricane Irma now Cat 4 as it heads for eastern Caribbean

Hurricane Irma grew into a powerful Category 4 storm Monday as it approached the northeastern Caribbean and was forecast to begin buffeting the region Tuesday. The storm had maximum sustained winds of 130 mph late Monday afternoon, and the U.S. National Hurricane Center said additional strengthening was expected.

In Texas, not all heroes wear capes

For more than a week, the world watched as grim images from southeast Texas were broadcast on television and social media -- homes along the coast torn apart by hurricane winds, inland communities flooded by a record-setting tropical storm. The full extent of the devastation remains unclear, and FEMA chief Brock Long says the recovery effort will take years.

Sunday shows preview: Trump faces aftermath of Harvey

President Trump's handling in recent days of his first natural disaster as commander-in-chief will be in the spotlight Sunday as the morning shows focus on the aftermath of Hurricane Harvey. Trump returned to Texas on Saturday for his second trip in less than a week after intense flooding rocked southeastern parts of the state and portions of Louisiana, displacing thousands and claiming the lives of at least 47 people .

Hartford Woman Hopes Invention Can Help Harvey Flood Victims

In the wake of the natural disaster in the Gulf Coast, people across the U.S. have sent clothes, supplies, food and financial donations to those affected by Hurricane Harvey. Within the last year, Becky Henning has been working to brand and manufacture a product she helped invent called the Shower Towel.

Booming Houston built over land meant for flood projects

In this Thursday, Aug. 31, 2017 photo, Gordon Prendergast poses with the kayak he bought to see how his house in Houston's western neighborhoods fared after Harvey caused flooding in land that not long ago had been open prairie. Tens of thousands of homes were inundated when floodwater roared around the edge of Houston's Addicks Dam for the first time in its 70-year history.

New Houston water release could keep 20K homes flooded

Miguel Moncado, of Oxford Contractors, guts a flood-damaged home in the Meyerland neighborhood in Houston after Hurricane Harvey on Friday Sept, 1, 2017. HOUSTON >> Nearly a week after Harvey crashed into the Texas coastline, the storm chased more people out of their homes Friday after dumping heavy rain on Louisiana, and Houston planned a water release that could keep as many as 20,000 homes flooded for up to 15 days.

White House asks Congress for $7.85 billion in Hurricane Harvey disaster relief

A week after Hurricane Harvey slammed into the Texas Gulf Coast, the Trump Administration is asking Congress for almost $8 billion in disaster relief funds, in what could be the first installment of a recovery effort that may well be the most expensive ever for the federal government in dealing with a domestic natural disaster. "These additional Federal resources would enable the affected States to address disaster response and immediate recovery needs in the areas most affected by Hurricane Harvey, said White House budget chief Mick Mulvaney in a letter to House Speaker Paul Ryan.