- Across the Gulf and Eastern Seaboard, cities and towns continue to be impacted by flooding and powerful winds.
- UBS is committed to assisting our employees, our clients and our communities.
- Are you seeking advice on how to donate or how to get assistance during this trying time? We’re here to help.
Across the Eastern Seaboard and Gulf coast, cities and towns continue to be impacted by major hurricanes. Storms like Hurricane Katrina, Hurricane Harvey, Hurricane Maria and Hurricane Sandy that unload extreme amounts of rain made and are made dangerous by wind speeds over 100 miles per hour.
Category 4 and category 5 hurricanes come with a significant risk. States like Florida, Texas, Louisiana, Alabama, Mississippi, Georgia and the Carolinas often take the brunt of such storms. NOAA, the National Oceanic and Atmospheric Administration, predicts that this year will follow a long-time trend of increasingly strong storms.
When impacted by a hurricane or other disaster, UBS is committed to assisting its employees, its clients and its communities.
Below is an abbreviated list of resources available for anyone in need of assistance:
- The Federal Emergency Management Agency (FEMA) is providing assistance to those in need of immediate shelter.
- You may access services online, where you can apply for financial assistance, find rental properties and locate other resources to help you recover and rebuild.
- Current information on from FEMA, the Federal Emergency Management Agency.
- You can download FEMA's app for Apple and Android devices.
- The American Red Cross website has critical information on disaster and emergency assistance including finding shelter in affected areas; help with confirming the safety of loved ones; and tips on recovering after the storm.
Meanwhile, the market impact of the strong hurricane seasons remains to be fully seen. The UBS Chief Investment Office (CIO) said Hurricane Harvey, for example, hit oil production facilities in the Gulf of Mexico, taking refinery capacity offline in Texas. High winds and flooding also disrupted shale oil production in Texas. Each storm has a unique impact and various industries are at some risk.