US: Federal aid to Florida for Hurricane Ian tops $2B
Associated Press
WASHINGTON (AP) — Federal aid to Florida for recovery from Hurricane Ian has topped the $2 billion mark, Biden administration officials announced Monday, one day before the midterm elections.
Most of the money was provided by the Federal Emergency Management Agency. About $710 million went directly to households, and another $322 million went to the state.
The U.S. Small Business Administration furnished $631 million in disaster loans, and the National Flood Insurance Program has paid out $351 million in claims.
“When I visited Florida in the wake of Hurricane Ian, I said we would be there as long as it takes to rebuild,” President Joe Biden said in a statement. “That is what we’re doing.”
Biden toured the damage from the hurricane with Republican Gov. Ron DeSantis last month, a rare moment of detente for the two politicians. The hurricane killed more than 100 people and caused billions of dollars in damage.
The president has also campaigned for DeSantis' Democratic opponent, Charlie Crist, who is trying to return to the governor's office.
Conifer Holdings Announces Closing of Loss Portfolio Transfer Agreement
Under pressure: Financial struggles in Philly and an SEC settlement in Wilmington [The Philadelphia Inquirer]
Advisor News
- Industry groups applaud House passage of Financial Exploitation Prevention Act
- Younger workers more likely to be eligible for a retirement plan after changing jobs
- Bank of America community event unpacks sales tax hike, small business struggles
- CONGRESSMAN VALADAO DEMANDS ANSWERS FROM CALIFORNIA OVER HEALTHCARE TAX HIKE
- How executive benefits impact an estate plan
More Advisor NewsAnnuity News
- State Farm’s agency overhaul: What distribution can learn
- IRI, ACLI express support for CLEAR Forms Act
- A new era at the Federal Reserve
- Globe Life Inc. (NYSE: GL) Making Surprising Moves in Tuesday Session
- Why annuities are gaining traction with younger investors
More Annuity NewsHealth/Employee Benefits News
- Public healthcare option overdue
- NEARLY 4 MILLION AMERICANS DROPPED ACA MARKETPLACE COVERAGE THIS YEAR
- REP. ONDER'S BILL TO STRENGTHEN TRANSPARENCY IN EMPLOYER-SPONSORED HEALTH PLANS PASSES COMMITTEE
- U.S. healthcare system needs a public option
- States seek to lower drug prices by targeting the companies that manage them for health plans
More Health/Employee Benefits NewsLife Insurance News
- AM Best Affirms Credit Ratings of Misr Insurance Company
- State Farm’s agency overhaul: What distribution can learn
- They Allegedly Enrolled People In Life Insurance Without Consent. Then Death Claims Paid Out
- How much do state residents need to retire comfortably?
- How executive benefits impact an estate plan
More Life Insurance News