USA Property

USA Property

FEMA can’t take land from hurricane victims

The claim: FEMA loans money to disaster victims and takes their land if it’s not paid backAn Oct. 5 Facebook post (direct link, archive link) makes a claim about the Federal Emergency Management Agency, which helps victims of natural disasters.“Do not sign any contract with FEMA,” reads the post. “Read the fine print they are giving you a loan. If you don't pay it back they will take your land.”It was shared more than 4,000 times in three days.More from the Fact-Check Team: How we pick and research claims |...
USA Property

US property and casualty insurers slump as hurricane season brings losses

Property and casualty insurance stocks slump on Hurricane Milton-related fears Another catastrophe adds to insurers' Florida woes Analysts say the full extent of hurricane season damage still unknown Oct 7 (Reuters) - U.S. property and casualty insurance stocks tanked on Monday after Hurricane Milton intensified into a category 4 on its path toward Florida's western coast, marking yet another costly disaster for the industry to cover this year. Insurers are expected to face catastrophe-related claims for billions of dollars from a devastating hurricane season. Catastrophe losses refer to a significant...
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