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Hurricane Dorian churns northward. How homeowners can prepare for insurance claims

Hurricane Dorian churns northward. How homeowners can prepare for insurance claims

Finance
For homeowners in Hurricane Dorian's anticipated path, insurance claim preparation may be worth adding to your to-do list.The storm, which pummeled the Bahamas for 48 hours and left widespread devastation across the island nation, is churning northward and parallel to southeastern U.S. coastline with sustained winds of 105 mph as of Wednesday.While Dorian is now a Category 2 hurricane — down from a Category 5 — and actual landfall is uncertain, hurricane force winds extend 60 miles outward from the eye of the storm. Damaging winds, heavy rain and storm surges causing inland flooding are expected to wreak havoc along the Southeast from parts of Florida up into Virginia.As worries continue about the impact of Hurricane Dorian, workers help a friend board up his apartment building on August 3
How homeowners can financially prepare for major storms like Dorian

How homeowners can financially prepare for major storms like Dorian

Finance
If you live in a hurricane-prone area, now's a good time to check your insurance and how financially prepared you'd be if disaster were to strike.While the 2019 Atlantic hurricane season has been a quiet one so far, Dorian has disrupted that. Now a Category 1 hurricane and expected to cross over Puerto Rico and other Caribbean islands on Wednesday, the storm is forecast to strengthen overnight as it continues churning toward the southeastern portion of the U.S., making landfall Sunday or Monday as a Category 3 hurricane (sustained winds of 111 mph or more).Although it may be too late for homeowners in its path to make insurance changes, those who live elsewhere should take it as a reminder that the next big storm could be headed their way.Ya Mary Morales (L) and Henry Sustache put plywood ...
Climate change: England flood planners ‘must prepare for worst’

Climate change: England flood planners ‘must prepare for worst’

Science
England’s flood planners must prepare for the worst on climate change, the Environment Agency has warned.Its chairwoman, Emma Howard Boyd, said on current trends, global temperature could rise between 2C and 4C by 2100 and £1bn a year would need to be spent on flood management.She said some communities may even need to move because of the risk of floods.The government said it would be seeking evidence for its own flood policy in the autumn.Ms Howard Boyd, launching the consultation on the agency’s flood strategy, said government policy should ensure that all publicly-funded infrastructure is resilient to flooding and coastal change by 2050. “We can’t win a war against water by building away climate change with infinitely high fl
Unhappy with your tax return? How to prepare for 2019

Unhappy with your tax return? How to prepare for 2019

Finance
Tax season has come and gone — at least for the more than 103 million filers who submitted their returns before April 15. This spring marked the first time taxpayers and their accountants submitted tax returns under the Tax Cuts and Jobs Act. The overhaul of the tax code, which went into effect in 2018, increased the standard deduction to $ 12,000 for singles ($ 24,000 for married couples filing jointly), eliminated personal exemptions and curbed a number of itemized deductions. The Treasury Department and the IRS also updated the withholding tables l
Firms told to prepare for no-deal Brexit

Firms told to prepare for no-deal Brexit

Business
Businesses that trade with the EU need to take steps now to prepare for the possibility of a no-deal Brexit, a government minister has warned.Financial Secretary to the Treasury Mel Stride told the BBC's Today programme "there is a call to action now".HMRC has published an update to its advice on how firms should prepare for a no-deal scenario.However, Mr Stride called the prospect of the UK leaving the EU without a deal an "unlikely event".Speaking to the BBC, Mr Stride said: "The time is now, there is a call to action now. "Those who are importing or exporting into and out of the EU 27, in the unlikely event that there is a no-deal at the end of March, will need to take certain steps. They need to do that now."Mr Stride said businesses needed to "get a ...