Western North Carolina ‘open for business' to highlight tourism industry after Helene
Officials want to highlight businesses, festivals, destinations and other events to promote the community.
Improvements, full closure Blue Ridge Parkway postponed to accommodate Helene recovery
'Visitors are the lifeblood of the area, tourism, hospitality,' said Will Johnson, co-owner of The Todd Mercantile in Watauga County. 'Boone, West Jefferson, Todd, we're right in the middle. We rely on tubers for the river in the summer just to keep our business going.'
North Carolina First Lady Anna Stein visited Watauga County Monday to highlight the initiative. It runs through Sunday, June 8.
Chambers of Commerce in towns throughout WNC have individual plans on how to highlight businesses. In Boone, there will be multiple outdoor events and ribbon cutting ceremonies from mid-to late week.
Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
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CNBC
41 minutes ago
- CNBC
Hurricane risk in Florida is escalating. Home insurance is harder to get
Dayna and Matt Fancher lost their home in Fort Myers Beach, Florida, to Hurricane Ian in 2022. One month into this year's hurricane season, the couple is still paying their home insurance policy — now twice as costly — while fighting the firm in court over their claim. The Fanchers, who have lived in their Fort Myers Beach home for almost three decades, said their home insurance provider paid them only a third of what it would cost to rebuild their home, and that adjusters repeatedly disputed their storm damage claims. In the end, the Fanchers say, they took out construction loans to be able to move back into their home. "We have the same coverage that we had, we're paying double, and we didn't get the assistance that we needed," Matt Fancher said. The Fanchers' predicament is just one of many linked to the insurance crisis in hurricane-prone Florida. Rates are sky-high and expected to continue rising as catastrophe claims surge and Floridians face few insurance options and increased scrutiny during underwriting. Since 2021, Florida has experienced four major hurricanes: Ian, Helene, Idalia and Milton, and premiums have climbed by nearly 30% statewide. Florida residents can now expect to pay almost $10,000 a year on average in premiums, making the state the most expensive place in the U.S. to buy homeowners insurance. In Fort Myers Beach, a small town on narrow Estero Island off Fort Myers, annual premiums jumped from about $9,000 to almost $14,000 from 2019 to 2024, according to data obtained by First Street Foundation, a climate risk modeling firm. In the wake of Hurricane Ian, Floridians filed more than half a million residential catastrophe claims, according to Florida's Office of Insurance Regulation. Up against an estimated $50 billion to $65 billion in insurance losses associated with Hurricane Ian, several homegrown Florida property insurers were declared insolvent, while major national insurers like Farmers announced they would pull back or no longer offer coverage in the state due to increased hurricane risk. Some legislative reforms have helped stabilize the market for insurance in Florida, according to Mark Friedlander, a spokesperson for the Insurance Information Institute, an industry association for insurers. He said in 2024, the state saw the lowest average statewide premium increases in the country for home insurance and that more than a dozen new insurers had entered the market there. But hurricane risk in Florida is escalating as human-caused climate change warms the atmosphere and raises sea surface temperatures in the Gulf of Mexico. Hotter conditions are trapping moisture and fueling hurricane intensification, creating wetter, more powerful hurricanes that leave Florida increasingly vulnerable to storm damage. During Hurricane Helene, moisture trapped in the warming atmosphere increased extreme rainfall by 10%, bringing rainfall totals as high as 26.95 inches in parts of Florida. Jeremy Porter, a climate risk expert at First Street Foundation, says that rising insurance costs signal the deep impacts of climate change in west Florida, as communities like Fort Myers Beach grapple with recurring damage and costly recoveries. "Over the last few decades, we haven't kept up with climate risk and quantified it properly in our risk modeling. Now, we're playing catch-up and it's driving up insurance rates very rapidly, and people are feeling that in their household budgets," Porter said. With scarce options for home insurance, more and more Floridians have started buying insurance from Citizens Insurance Property Corp., Florida's not-for-profit state-backed insurer, and Porter says this rapid movement has also pushed up insurance costs. By 2055, Porter says home insurance premiums could rise by 213% in the Tampa metro area because of hurricane risk. Climate risks are also disrupting insurance markets in other parts of the country. In Sacramento, California, residents may face a 137% increase due to increased wildfire danger, for example. Porter said declining home prices in Florida could also affect home insurance rates and availability. When property values fall in places that are vulnerable to hurricanes or other extreme weather, insurers may interpret that decline as a warning sign of growing physical or market risk, leading to increased scrutiny during underwriting and potential spikes in premiums. According to Zillow data, home values in Fort Myers Beach are down about $200,000 from their pre-Ian prices, and about 86% of sales over the last year came in under list price, a general sign that sellers are having a difficult time offloading their properties. At its peak before Hurricane Ian, the average home value on Sanibel Island, a popular spot in Lee County for beach vacationers, was almost $1.3 million. Today, that value is $868,000, with 93% of all homes being sold under list price, according to Zillow. Joanne Klempner, who has lived part time in Fort Myers Beach since 2016, says that selling her home is not a financially viable option after spending so much on reconstruction post-Hurricane Ian. With little choice but to stay in Fort Myers Beach, Klempner said she worries about how climate change will affect the future of her community. "At this point, we're in for the long haul because we have to be. I think whether people want to continue to invest in Fort Myers Beach is the bigger question," Klempner said. "When you don't have a hurricane for 30 years, the risk feels worth it to live in paradise. When you have three bad hurricanes within 18 months, it becomes questionable." Jacki Liszak, the president and CEO of the Fort Myers Beach Chamber of Commerce, says that Fort Myers Beach is still a great place to live and visit, and that the community is investing in resilient architecture and building homes well above the flood line. "The houses have to be built strong and they have to be built high," Liszak said. "I think that will help tremendously. People were already starting to come, and I think they will continue to come. People love this lifestyle. It's a beautiful part of the world."


Newsweek
3 days ago
- Newsweek
Hawaii State Senator: Did Your Home Insurance Bill Increase? Big Oil Should Pay Up
Imagine getting a letter from your home insurance company explaining that your annual bill was going to be 10 times higher this year, even though you'd never made a claim for damages to your home. Thousands of American homeowners—including many in my home state of Hawaii—don't need to imagine. Last year, insurers in our state drastically raised rates to reflect the increasing threat of extreme weather disasters and to recoup money they had to pay out after the deadly 2023 Maui wildfires. But why should everyday people be asked to shoulder these costs, while an industry that actively made the problem worse pays nothing? Giant fossil fuel corporations predicted decades ago that the unchecked burning of their products could lead to out of control weather disasters, creating chaos in insurance markets. Don't they bear some of the responsibility for making this nightmare a reality? Debris removal at a former apartment building in the Lahaina wildfire impact zone on August 2, 2024, in Lahaina, Hawaii. Debris removal at a former apartment building in the Lahaina wildfire impact zone on August 2, 2024, in Lahaina, shouldn't push the costs of climate change on to their policyholders while letting the companies causing it off the hook. That's why Hawaii is pursuing a fairer model that other states can emulate: make the fossil fuel industry help pick up the tab. Our state recently passed a first of its kind resolution encouraging insurance companies to take Big Oil to court for climate damages before raising rates on their customers. Simply put: fossil fuel-driven climate change is creating a nationwide cost-of-living crisis, especially when it comes to housing. Supercharged wildfires in Los Angeles and Maui and unprecedented flooding in the Carolinas from Hurricane Helene have displaced thousands of Americans. When they do get a check from their insurance company, many find that it only covers a fraction of the cost of rebuilding their homes. Faced with mounting claims, insurance companies are pulling out of entire communities, canceling existing policies, and refusing to issue new policies. Given that insurance is generally required on new mortgages, uninsurable homes are essentially unsellable homes. Mortgage lenders in wildfire-stricken Colorado communities are reporting a rash of home sales falling apart because buyers can't secure insurance. Experts warn that this growing crisis threatens to infect the broader economy. In a recent Senate hearing, Senator Sheldon Whitehouse (D-R.I.) warned of an "economic cascade" of consequences for real estate markets, and cited a Freddie Mac chief economist predicting that if left unchecked, the insurance crisis could cause "a 2008-style economic recession." We're on track for economic disaster, while fossil fuel industry giants who put us in this position keep raking in billions of dollars in profits. Rather than pulling the rug out from under hardworking families and abandoning entire communities, insurance companies should make the fossil fuel industry pay their fair share of the costs. While they may not seem like the most likely group to hold the fossil fuel industry accountable, insurance companies are already well-practiced in taking bad actors to court for their role in extreme weather disasters. When utilities' unmaintained power lines ignited devastating wildfires in California in 2017 and 2018, insurers successfully forced them to pay up, temporarily reducing the severity of rate increases on homeowners and slowing the trend of insurance companies fleeing the state. Just like the companies who sparked a blaze, the fossil fuel industry bears responsibility for contributing to the soaring high temperatures and drier atmosphere that turn a routine forest fire into a blazing inferno. Researchers who measure climate change's contribution to extreme weather disasters estimate that companies like Chevron and ExxonMobil are each responsible for nearly $2 trillion in economic losses from extreme heat between 1991 and 2020. This isn't a surprise to Big Oil—internal documents show their researchers warning as far back as the 1970s that their products would warm the global climate and fuel "potentially catastrophic events." Industry executives were convinced enough to invest in making their own oil wells and pipelines resilient to climate change, while also working for decades to mislead the public about their products' connection to the problem. That deception continues today, with oil and gas majors proudly advertising their commitment to clean energy while they ramp up the production and burning of fossil fuels. Since 2002, climate change has cost the insurance industry an estimated $600 billion in insured losses, costs that were likely recouped from consumers through higher premiums. The oil and gas industry, which has averaged nearly $3 billion in profit per day, could have covered those losses without breaking a sweat. As policymakers nationwide grapple with a growing insurance crisis, our first priority should be to protect consumers from extreme rate hikes and stabilize markets for insurers. When you make a mess, you clean up after yourself. It's time for the fossil fuel industry to do the same. Chris Lee serves as president of the National Caucus of Environmental Legislators, a bi-partisan organization of 1,500 state legislators from all 50 states. He has served in the Hawaii State Legislature since 2008, where he authored the nation's first state laws transitioning utilities to 100 percent renewable energy, directing economy-wide carbon neutrality, and targeting zero-emissions transportation. The views expressed in this article are the writer's own.


Miami Herald
4 days ago
- Miami Herald
This NC city is ‘on the rebound' — and again ranks among best US places to visit
A rebounding North Carolina city is 'ready to welcome travelers' — and again ranks among the nation's best places to visit. Asheville is No. 9 on a list of cities that visitors love the most, according to results published July 8. The mountain tourist destination made its mark after missing the list last year. But it regained a spot in the rankings as travelers showed 'love for the city and hope for its revival, after the devastating effects of Hurricane Helene in the fall of 2024,' Travel + Leisure magazine wrote in its report. To determine the fan-favorite U.S. travel destinations, the magazine teamed up with researchers at Proof Insights. From Oct. 21, 2024, to Feb. 24, it received hundreds of thousands of responses in an online reader survey. For cities, scoring criteria included 'sights/landmarks, culture, food, friendliness, shopping' and value, according to the magazine's website and details shared with McClatchy News via email. What makes Asheville, NC a fan favorite? In the resulting World's Best Awards, Asheville was the only place in North Carolina to rank among the top 10 U.S. cities. Travel + Leisure said the 'artsy' destination is taking steps toward recovery after Hurricane Helene battered the area with storm damage and catastrophic flooding in September. 'Readers praised the North Carolina city for its hiking trails, craft beer, and funky art galleries,' the magazine wrote in its report. The honor adds to a list of accolades for Asheville. In June, CNN Travel named the mountain destination one of the nation's most interesting places to visit, calling it a city 'on the rebound.' The city, which has several tourist attractions that are open after the storm, received nods for its mountain views and food and drink scene. Earlier this year, Asheville also ranked among the nation's best cities for beer lovers and made a list of top destinations in the South, McClatchy News reported. This time around, Travel + Leisure said places that offer travelers a glimpse into history and a taste of regional foods received high marks in the best U.S. city rankings. 'When choosing city escapes in the United States, travelers continue to seek destinations with pedestrian-friendly streets, dynamic arts and culture institutions, and excellent food,' the magazine wrote in its report. 'For many visitors, it was also important to have access to activities that suit everyone, whether you're traveling as a couple, with friends, or as a multigenerational family.' Across the country, the top-ranked vacation spot was Santa Fe, New Mexico. Here are the other destinations that round out the top five: New Orleans at No. 2Charleston, South Carolina, at No. 3Savannah, Georgia, at No. 4Alexandria, Virginia, at No. 5 In addition to boasting winners in the U.S. cities category, places in North Carolina landed in the top 10 on another World's Best Awards list. Here's how they fared among the 'best resorts' in the South: High Hampton in Cashiers at No. 2The Inn on Biltmore Estate in Asheville at No. 3Old Edwards Inn & Spa in Highlands at No. 7