went on paddleboards they had a paddleboard rescue and went out on a little skiff. the small city in southwest florida did suffer another loss in the hundred mile an hour winds. this iconic fishing pier broken by the winds and water. four of those who have lived here for a long, long time it s the heart of naples. there is no doubt the battering won t keep naples down for a long, as its residents look to regroup despite the shock and pain of the last 24 hours. we re not giving up, this is our training and we re gonna fight, we re gonna do everything all over again. it is devastating as this storm has been when we see disasters like this there are volunteer groups who come to their aid earlier today my colleague nicole wallace spoke to a member of team rubicon and got some thoughts on what they were seeing and doing in the
directly impact us the way it did. i went to downtown fort myers, the city of fort myers where there are a lot of people who live there year-round, or on houseboats. most of the docks are completely gone. boats completely sunk. a man rode out the storm on his house boat with his dog. halfway through he had to abandon his boat, get in his car and try to get to a parking garage on the second floor, parking garage. he was chest deep in water and that s his home. he has no idea if it might sink if he tries to remove it words stuck on the dock. i saw people in the water on their houseboats. i saw people who witnessed their boat completely sunk. it s just a different kind of community. they live their, they are a neighborhood in a sense, completely wiped away. they did not anticipate this kind of storm surge and they really didn t anticipate that
prices to rise. david, you ve been a beneficiary. the florida real estate market as been hot. you ve got pretty lax zoning laws there and things are built in all sorts of areas that maybe shouldn t be. so how do you solve this especially the insurance problem? is it the state that shotgun volleyed? these are private homes. it s a fascinating question stephanie. who bears the risk of a homeowner s home ownership if you will. as alex just mentioned, homeowners and home insurance industry in the state of florida is really collapsing. without federal intervention to bear must of the loss of the storm, we would further see the collapse of the home insurance industry in florida. so what do you do? who bears that risk? the reality is that in flood zones there is no private sector product to help the risk of the moment.
hospitals. we re having to transfer the children also. it will take days to get a full picture of the devastation in florida. this will be the costliest florida storm since hurricane andrew made land fall back in 1992. they re beginning to come in to see how much to rebuild. core lodge sick estimating that the recovery could cost anywhere between 28 and $47 billion. other organizations put the pricetag higher with accuweather suggesting damage could come closer to $100 billion. for context, you can see the most expensive weather he sflent u.s. history was by far hurricane katrina in 2005. that was $186 billion. with hurricanes harvey and maria as the only other weather events to surpass the $100 billion mark. joining us now, writer for the new york times opinion pages and new york times
the hurricane don t have the insurance they need to rebuild the new york times reports just eight teen percent of homes have the coverage for. carrie sanders has more on how florida insurance companies are facing their own massive challenges. they can afford to stay in business. anyone with a mortgage in a flood zone is required to carry federal flood insurance. but windy mist covered by your homeowners policy in florida six insurance companies in florida have claimed insolvency just this year. homeowners have claimed those in business have jacked up premiums. i d say about a 30% increase for myself others i ve seen rising 50 to 100 percent, and some of just been canceled altogether. the hardest-hit counties in the storm s path experienced huge population looms in the last three decades. joining us now to discuss, alex