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Marketplace All-in-One

In Houston, storm damage recovery and insurance hurdles

Marketplace All-in-One

Marketplace

News, Business

4.51.4K Ratings

🗓️ 21 May 2024

⏱️ 9 minutes

🧾️ Download transcript

Summary

Houston residents are once again rebuilding after a severe windstorm delivered damage to cars, businesses and homes last week. Insurers are just beginning to assess the extent of the damage — at a time when insurance is getting pricier and harder to find. Then, the FDIC’s chair says he will step down once a successor is confirmed following investigations into toxic culture at the agency. Plus, can legislation save local news?

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Transcript

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0:00.0

This is it. Our May fundraiser is ending on Friday and it's your last chance to help us reach our goal this month.

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Revenue sources for newsrooms like ours are changing and donations from you are marketplace community of

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before Memorial Day weekend and fund public service journalism for all.

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Give now at Marketplace.org

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slash donate.

0:27.0

My name is Lee Hawkins.

0:30.0

I've been a journalist for over 25 years. On my new

0:36.9

podcast, What Happened in Alabama, I get answers to some of the hardest questions

0:42.2

about how things came to be for many

0:44.8

black Americans and the truth that must come before any reconciliation can happen.

0:50.6

I investigate my family history, my upbringing in Minnesota, and my father's

0:56.0

painful nightmares about growing up in Alabama. What happened in Alabama is a new

1:01.8

series confronting the cycles of trauma for myself, my family, and for many

1:07.1

black Americans.

1:08.9

Listen now. Disaster insurance is great if you can find it.

1:23.4

From Marketplace I'm Sabrie Benashore and for David Brancaccio.

1:26.9

People who live around Houston, Texas are in rebuilding mode after a major windstorm damaged cars, businesses, and homes last week.

1:35.6

Their insurers are just starting to put a dollar number to the destruction.

1:40.6

That insurance, though, is getting more expensive and harder to even find at all.

1:45.4

In Houston, Marketplace's Elizabeth Trova has that.

1:48.6

In the wake of the storm, insurance claims are flooding in, says Rich Johnson, with the Insurance Council of Texas.

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