By: CBS News
Homeowners across the U.S. can expect to pay out $20 billion for flood damage this year, according to new research from the nonprofit First Street Foundation. The dollar amount is about four times what Americans spent repairing flood damage in the 1980s, reflecting the impact of more erratic weather patterns driven by climate change.
Residents in cities along the Gulf and East coasts face the highest risk of flooding in absolute dollar terms. Seven of the 10 cities with the biggest property losses from flooding are in Florida with Fort Lauderdale, Miami Beach, St. Petersburg and Tampa taking the top slots.
For Homeowners, The Cost Of Flooding Is Going Through The Roof
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As climate change increases flooding, Mass likely to see damaged-property costs surge, report says
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Kodal Minerals PLC (LSE:KOD) | RNS | Kodal Minerals PLC - Update on Gold Assets and Funding Agreement
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· Headline EBITDA of £3.7m (2019: £8.4m)
· Operating loss of £3.0m (2019: profit of £2.1m)
· Loss after tax of £3.9m (2019: profit of £0.4m)
· Operating cash inflow of £6.3m (2019: £9.4m)
· Raised further funds of £2.25m (before expenses) from an equity placing and subscription
· Agreed a new loan facility of £10.75m under the UK Government s CLIBIL scheme
· Extended the maturity date of the existing RCF loan facility by 12 months to March 2022
· Net debt (excluding lease liabilities) of £3.3m (2019: £8.8m); down from £9.5m as at 29 March 2020
Operational Highlights
· Restaurants across UK closed by UK Government for dine-in customers from 23 March 2020 to 4 July 2020
· Delivery and takeaway operations partially mitigated losses in the first quarter