N.C. GOV. APPROVES $90M FOR HURRICANE RELIEF:

January 3, 2005

North Carolina Gov. Mike Easley approved a request from the Western Recovery Task Force to provide assistance to local governments affected by six storms that inflicted heavy losses in North Carolina last fall. In response to the task force’s recommendations presented to the governor earlier this month, Easley is making $90 million in relief funds available. The money comes from a reallocation of funds the governor ordered from state agencies to offset storm losses and help meet recovery needs. The primary damage from the six storms occurred in the western part of the state, but a portion of the funds made available by Easley will also be used to cover damages in other counties affected by storms. The governor will leverage much of the state money to obtain federal matching funds, which helps take the strain off local governments. In all, state funds will allow Easley to access about $172 million in federal dollars. The Western Recovery Task Force, established by Easley in October, is charged with assessing needs and designing a recovery plan. The 41-member group consists of local officials, business leaders, non-profit organizations and economic developers.

Topics Catastrophe Natural Disasters North Carolina Hurricane

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Insurance Journal Magazine January 3, 2005
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