The Latest in Flood Insurance and Industry News
New research highlights that warming temperatures could have a devastating impact on hurricanes and where they form. These warming temperatures could push storms farther north in densely populated areas like New York and Boston. In addition, these storms could be intensifying as well posing even greater risk. Read more about this research published in the journal Natural Geoscience.
Historic storms like Hurricane Ida were once looked at as rare events but now signs are pointing to such storms becoming frequent and posing an even greater risk. PBS looks at five takeaways learned from Hurricane Ida.
On Monday the National Oceanic Atmospheric Administration released a report on the major disasters of 2021. Last year there were at least 20 separate billion-dollar disasters, which are the second most since reporting started. Roughly over a third of the disasters were tied to flooding, including Hurricane Ida! Continue reading to learn more about why these disasters occurred.
Charleston S.C. experienced unique conditions that lead to uncommon coastal flooding that typically only happens during hurricanes. Scientists point to global warming and rising sea levels as the cause for troubling trends in flooding both in Charleston and along much of the coast.
Often times when we talk about flooding we talk about the financial impact on property owners and how it can be difficult to recover without proper insurance. A recent report by First Street Foundation and Arup points to how this financial fallout caused by flooding is compounded for businesses facing millions of days of lost operation in 2022.
Early this week a storm system called a Kona low moved over the Hawaiian Islands bringing heavy winds and torrential rain. Kona lows typically form during the winter season and are known for moving slowly. This slow movement has put the island at risk of flash flooding, landslides, and other hazards.
FEMA’s new risk rating methodology, Risk Rating 2.0, leverages industry best practices to create a more equitable system to evaluate a homeowner’s flood risk and premiums. Cyndee Hayden, the incoming vice-chair of insurance for the National Association of REALTORS echoes this sentiment in the Associated Press:
We’ve often warned about the hidden risk of flooding caused by urbanization as gutters, pipes, and tunnels become overwhelmed by heavy rainfall. To help combat this, communities are turning to green infrastructure to mitigate flooding. Here is the EPA’s comprehensive guide to green infrastructure:
In May of last year, north central Michigan experienced extensive flash flooding after two major dam failures. Now the federal government is making a grant of over $54 million to support the local community in their rebuild. This will go a long way towards the community’s recovery.
Flash flooding is often the most dangerous form of flooding, but how can we mitigate the danger it poses? Here are what experts from Texas are saying communities can do to help keep people safe.
When major cities are impacted by heavy rainfall or major storm events this usually leads to considerable flooding. The Grist looks as to why cities become overwhelmed by flooding and what they can do to mitigate the effects of urbanization.
On Monday First Street Foundation released a nationwide community-level flood resilience report, “highlighting the flood risk over a 30 year period for every city and county across the conterminous United States.” Continue reading to learn why flooding is putting critical infrastructure, roads, residential properties, and more at risk of becoming inoperable today!
If you though storms and flood events were worsening, you might be right. Researchers from Louisiana State University and Southern Illinois University studied why it appears storms seem to be getting worse and how this is affecting towns and cities.
flood insurance industry news
The early formation of Hurricane Elsa on July 2nd marks another active hurricane season and led researchers at Colorado State University to update their 2021 predictions. Are we going to continue to see hurricanes form sooner in the coming season?
flood insurance industry news
flood insurance industry news
Finding the right flood coverage means weighing the options available to you. Here’s a helpful guide from Nerdwallet comparing private flood insurance and FEMA’s National Flood Insurance Program.
flood insurance industry news
flood insurance industry news
flood insurance industry news
Why is the East Coast more prone to hurricanes? Read how two important weather factors protect the west coast and diminish the strength of any tropical storms on the West Coast.
flood insurance industry news
flood insurance industry news
flood insurance industry news
flood insurance industry news
New research by NASA warns that flooding could get worse in the next decade and it might be because of the moon’s “wobble.” Read why the moon and climate change could mean a decade of severe coastal flooding.
flood insurance industry news
flood insurance industry news
flood insurance industry news
flood insurance industry news
flood insurance industry news