A Closer Look at Flooding and Financial Risk in Eastern North Carolina

I threw the car in gear, racing through sheets of rain back to the music festival. I had left my friends asleep in their tents to attend a family wedding, and in my absence, Hurricane Matthew had descended. Everything – pillows, sleeping bags, clothing, food supply, festival-goers – was soaked. A Bojangles tailgate special and running the dryer for a few hours set us straight — but the rest of North Carolina didn’t share our luck. Hurricane Matthew caused over $10 billion in damage across the state, and in the years that followed, Florence, Dorian and other intense weather events would add over $25 billion to the tally of damages, a large proportion stemming from flooding.