July 08, 2011
By: Bruce Berry
Severe tornadoes rocked Raleigh, North Carolina, and led to significant home insurance losses this spring. A report says many local homeowners and business are still rebuilding months later.
The News & Observer reported roughly 1,000 residential and commercial buildings in Raleigh remain damaged nearly three months after tornadoes hit North Carolina. The financial impact of that damage amounts to around $115 million, said the report, and local officials are working on a number of efforts to raise funds to rebuild.
"Right now, we're about one-fourth, maybe one-third of the way done," Mayor Charles Meeker told the source. "There is still a lot of work to be done."
The report described several local efforts to raise relief funds, including the Come UnityNow arts and music festival and donations from Raleigh citizens groups. City council also chose to take a $58,000 surplus in Raleigh Citizens Advisory Council funds and donate them to tornado relief efforts. That money would normally be rolled over to the next fiscal year, said the report.
North Carolina was one of the states hit hardest by the April tornado outbreak. Aside from a high number of North Carolina homeowners insurance claims, nearly two dozen residents were killed by the storms.
Related Home Insurance Articles:
- NOAA predicts near-normal Eastern Pacific hurricane season May 25, 2012
- Safety officials call attention to home sprinkler system regulations May 24, 2012
- Thousands of St. Louis insurance claims cite recent hail damage May 22, 2012
- Tropical Storm Alberto changes course away from Carolinas May 21, 2012
- California tops the nation in dog bite claims May 17, 2012
