Tag: disaster recovery
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New California Law Will Help Heirs to Fire-Damaged Properties Get Official Deeds
Senator Sasha Renée Pérez of Pasadena has proposed a change to California law. It would let Los Angeles County residents affected by January’s wildfires resolve missing deeds without a penalty. Missing documentation puts generational real estate assets at risk. It can also keep disaster aid off-limits to those who most need it. S.B. 293 is…
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Could Climate Change… Your Credit Score?
Since the 1980s, climate-related disasters have gradually ticked up. And the annual dollar cost of disaster losses and recovery has risen 1,580%. This statistic comes from First Street, a firm known for its analyses of climate risks to real estate. The firm researches the costs of wildfires, storm winds, and water infiltration. In a year…
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Florida Hurricanes Raise a Question: Can We Guard Our Deeds From Climate Losses?
October saw a string of dangerous and deadly storms in Florida. Those who made it through the storms are now cleaning up, in the midst of severe property damage along the Gulf Coast. With Hurricane Milton quickly following Hurricane Helene, Florida homeowners’ insurance adjusters had their hands full. No wonder insurance payouts to Floridians in…
