Protecting Your Finances if a Disaster Strikes: Are You Prepared?

If you had only a few moments to evacuate your home and could not return for several days or even weeks, would you have access to cash, banking services and the personal identification you need to conduct your day-to-day financial life? Download and order your free copies of Protecting Your Finances if a Disaster Strikes: Are You Prepared?

How to Get Disaster and Drought Assistance

A number of counties are currently being affected by drought. The USDA has crop updates for farmers, as well as information about crop insurance, assistance for livestock losses, and emergency farm loans.

Find drought assistance from the USDA.

Announcement from NYS Tax Department re: Hurricane Irene

President Barack H. Obama has declared certain counties in New York State to be disaster areas as a result of Hurricane Irene. As a result of this declaration, Commissioner Thomas H. Mattox has postponed certain tax filing and payment deadlines for taxpayers in these counties who were directly affected by the storm.
The relief provided for in this notice applies to taxpayers directly affected by the storm in the counties of Albany, Clinton, Delaware, Dutchess, Essex, Greene, Montgomery, Nassau, Orange, Otsego, Rensselaer, Rockland, Saratoga, Schenectady, Schoharie, Sullivan, Suffolk, Ulster, Warren, and Westchester. This includes taxpayers residing in or having their principal place of business in these counties. In addition, the relief will also apply to taxpayers directly affected by the storm located in any additional counties in New York State that are declared disaster areas and eligible for federal tax relief after this notice is issued. The relief will also apply to taxpayers directly affected by the storm in counties in other states that are declared disaster areas and eligible for federal tax relief.

See details HERE [PDF].

Disaster Survivors Urged to Beware of Recovery Scams

WASHINGTON – The U.S. Small Business Administration is urging disaster victims seeking federal aid to be alert to scam artists posing as federal officials and to be cautious about any solicitations for fees to perform services that are available from federal agency staff for free.

In the wake of widespread flooding, wildfires and tornados in many areas across the country over the past few months, the SBA is particularly concerned about flyers that have appeared in tornado-damaged areas asking for non-refundable fees of up to $450 to help disaster victims fill out their loan applications and as much as $1,000 to verify losses and file loan applications.

Federal agencies involved in disaster recovery will never ask for a fee or payment to file an application for financial assistance or to inspect damaged property.

“Historically, natural disasters bring out the very best in people, and there are countless stories of the selfless acts of helpful neighbors and volunteers,” said SBA Administrator Karen Mills.

“Unfortunately, we have also seen in the past individuals who attempt to take advantage of people who need assistance. Disaster survivors should be vigilant in protecting their personal assets, particularly in the stressful environment of a disaster recovery.

“The SBA will not tolerate the defrauding of those who have already lost so much in the aftermath of these devastating disasters,” Mills said. “Those who are found taking advantage of disaster victims will be prosecuted to the fullest extent provided by law.”

If you suspect a person is posing as a local or federal agent, or encounter what you believe are fraudulent activities connected with disaster relief operations, contact your local law enforcement officials, phone the toll-free National Disaster Fraud Hotline at 866-720-5721, or send an email to disaster@leo.gov. The phone line is staffed by a live operator 24 hours a day, seven days a week.

To register for federal help after a disaster declaration, visit www.DisasterAssistance.gov, or call FEMA at 800-621-3362 (800-426-7585 for the speech or hearing impaired).

Disaster survivors may also visit one of the local recovery centers to get help with filing for assistance. To get help with the disaster loan application, contact the SBA by email at disastercustomerservice@sba.gov, or by calling 800-659-2955 (800-877-8339 for those with speech or hearing disabilities). Those affected by recent disasters may also file a loan application online by visiting SBA’s secure website at https://disasterloan.sba.gov/ela/.

The SBA makes low-interest, taxpayer-backed disaster loans to homeowners, renters, businesses and non-profit organizations of all sizes. More information about the disaster assistance program is available at www.sba.gov/disasterassistance.

Dealing with the Emergency

Influenza outbreak.
Terror attack.
HHS' Agency for Healthcare Research and Quality has released a new Web-based interactive tool to help hospitals and emergency planners identify resource requirements to treat an influx of patients due to a major disaster.

Tool Estimates Resources Needed For Emergency Response

September is National Preparedness Month

I received an e-mail from the CPM Industry Insider that had a link to the article Survey: American Small Businesses Not Prepared For Power Outages. Probably not coincidentally, on the very same day, SBA sent out a press release about September being National Preparedness Month, from which I will quote extensively:

Homeowners, Renters and Businesses Are Encouraged to Plan Before Disaster Strikes

WASHINGTON – Recent floods in the Midwest and hurricanes/tropical storms in Texas and Florida have cost homeowners, renters and businesses millions of dollars in damages. These events serve as reminders to the public to have a disaster preparedness plan in place.

National Preparedness Month, sponsored by the U.S. Department of Homeland Security (DHS), is designed to enhance the public’s awareness of the necessity of having an emergency plan in place to respond to a natural or man-made disaster. The U.S. Small Business Administration is one of the many government and private sector coalition partners participating in this fifth annual National Preparedness Month.

"There’s a tendency – and it’s human nature – to think that a large-scale disaster is not going to happen where you live," said SBA Acting Administrator Sandy K. Baruah. "Accepting the inevitability of an emergency, and then taking responsibility for your own recovery are the necessary first steps toward protecting your family, your assets, and your community."

To prepare for disasters, SBA offers the following tips:
• Develop a solid emergency response plan. Find evacuation routes from the home or business and establish meeting places. Make sure everyone understands the plan beforehand. Keep emergency phone numbers handy.
Business owners should designate a contact person to communicate with other employees, customers and vendors. Individuals and business owners should ask an out-of-state friend, colleague or family member to be a “post-disaster”
point of contact, supporting the flow of information about short-term relocations, recovery, additional sources of assistance, etc.

• Make sure you have adequate insurance coverage. Disaster preparedness begins with having adequate insurance coverage – at least enough to rebuild your home or business. Homeowners and business owners should review their policies to see what is or isn’t covered. Businesses should consider “business interruption insurance,” which helps cover operating costs during the post- disaster shutdown period. Flood insurance is essential. To find out more about the National Flood Insurance Program, visit the Web site at www.floodsmart.gov.

• Copy important records. It’s a good idea to back up vital records and information saved on computer hard drives, and store that information at a distant offsite location. Computer data should be backed up routinely. Copies of important documents and CDs should be stored in fire-proof safe deposit boxes.

• Create a "Disaster Survival Kit." The kit should include a flashlight, a portable radio, extra batteries, a first-aid kit, non-perishable packaged and canned food, bottled water, a basic tool kit, plastic bags, cash, and a digital camera to take pictures of the property damage after the storm.

More preparedness tips for businesses, homeowners and renters are available on the SBA’s Web site.
The Institute for Business and Home Safety also has information on protecting your home or business. To learn more about developing an emergency plan, visit the DHS’s Ready Campaign Web site at www.ready.gov or call 1-800-BE-READY to receive free materials.

The SBA makes low-interest loans to homeowners, renters and non-farm businesses of all sizes. Homeowners may borrow up to $200,000 to repair or replace damaged real estate. Individuals may borrow up to $40,000 to cover losses to personal property.

Non-farm businesses and non-profit organizations of any size may apply for up to $2 million to repair or replace disaster damaged business assets and real property. Small businesses that suffered economic losses as a direct result of the declared disaster may apply for a working capital loan up to $2 million, even if the property was not physically damaged.

Recovering from the 2005 hurricanes

The recovery process in communities damaged by Hurricanes Katrina and Rita in 2005 has begun accelerating while local officials who once talked optimistically of rapid rebuilding now talk of 10-year timeframes for recovery, according to the latest GulfGov report issued by the Rockefeller Institute of Government in New York and the Public Affairs Research Council of Louisiana. This latest report, the sixth, will be followed by a book that will examine overall lessons learned in the wake of the catastrophes. The joint effort was aided by a grant from the Ford Foundation.

95 Percent Of People Are Sheep

Following Flock In Disaster Scenarios: Have you ever arrived somewhere and wondered how you got there?

Disaster Preparedness

"An estimated 25 percent of businesses do not reopen following a major disaster, according to the Institute for Business and Home Safety." Here's a link to the SBA/Nationwide Disaster Preparedness Guide.

"The 10-page guide provides information business owners need to develop an effective plan to protect customers and employees in the event of a disaster. The guide provides key disaster preparedness strategies to help small businesses identify potential hazards, create plans to remain in operation if the office is unusable, and understand the limitations of their insurance coverage."

N.Y. Regulator Expects All Insurers at Pandemic Flu Exercise

For several years, I've been receiving a weekly "Continuity e-Guide" from the Disaster Resource Guide. This week's post featured the title above, with an abstract of the article:

Call it a command performance: The New York State Insurance Department is holding a drill in September to evaluate how ready the nation’s financial services are to survive a flu pandemic, and it expects all state insurance companies to take part.

According to an article on the Insurance Journal website, the test has a bigger scope than any done so far in the United Sates. “Designed to simulate a global influenza outbreak, the exercise is being sponsored by the US Department of the Treasury and major financial services trade organizations,” the article says.

The simulation kicks off on September 24 and is expected to last three weeks. Participants will take part at their own locations by accessing a secure website to respond to such scenarios as transportation, communications and telecommunications disruptions.

"By participating, insurance companies will have an opportunity to review, test and update their pandemic plans against realistic scenarios that could cause massive absenteeism," NYSID Deputy Superintendent Louis W. Pietroluongo told the publication.

"Continuity plans typically focus on disruptions, like earthquakes, that are limited in time and place, but a flu pandemic could hit in waves over a protracted period of weeks or months," he added.

To read the full August 9 article from Insurance Journal, click here.