The Federal Emergency Management Agency’s flood maps are out of date and understate the risks to homes and businesses from flooding and extreme rain caused by climate change, according to FEMA Director Deanne Criswell. Flooding in Jackson, Mississippi, a week ago, overwhelmed the city’s main water treatment plant, leaving more than 150,000 state-capital region residents… Continue reading Flood Maps Are Out of Date Says FEMA
Tag: flood insurance
Real Estate Listings with Flood Scores Shift Home-Shopper Habits
Assume you want to sell your Cape Coral, Florida, home and believe you’ll get a good price because of its proximity to the water. Perhaps you’re considering purchasing a starter home in a newly developed Houston neighborhood. As you considered the home’s curb appeal, did you consider the property’s risk of flooding in the next… Continue reading Real Estate Listings with Flood Scores Shift Home-Shopper Habits
Floods, Other Water-Related Disasters Could Cost Global Economy $5.6 Trillion by 2050: Report
Droughts, storms, and torrential rain in some of the world’s largest economies could cost the global economy $5.6 trillion by 2050, according to a report released on Monday. Heavy rains have caused floods in China and South Korea, as well as disruptions in water and electricity supply in India, while drought has threatened farmers’ harvests… Continue reading Floods, Other Water-Related Disasters Could Cost Global Economy $5.6 Trillion by 2050: Report
Climate Change Has Increased Likelihood of a Megaflood in California
As California battles wildfires and severe drought, the threat of flooding may appear to be an unlikely cause for concern. A new study, however, warns that the state could be hit by a “megaflood” in the not-too-distant future, potentially putting millions at risk across the state. The study, published in Sciences Advances on Friday, discovered… Continue reading Climate Change Has Increased Likelihood of a Megaflood in California
Some Properties Are Getting Too Costly to Insure Amid Climate Change
As climate change threatens the United States with more natural disasters, it’s becoming more expensive for Americans to insure their homes — and the situation is only expected to worsen, according to experts. “These things are happening more frequently, and they’re causing more damage,” said Jeremy Porter, chief research officer at First Street Foundation, a… Continue reading Some Properties Are Getting Too Costly to Insure Amid Climate Change
Flooding in Eastern Kentury Claims 15 Lives, Destroys Homes
Gov. Andy Beshear said fifteen people were killed after flash floods in eastern Kentucky knocked out power and destroyed homes. A flood warning was in effect in the area until after midnight, according to the National Weather Service. Heavy rain and the risk of flash flooding would continue through Friday, according to the National Weather… Continue reading Flooding in Eastern Kentury Claims 15 Lives, Destroys Homes
More than $1 Million in Assistance Has Been Disbursed Due to June Flooding: FEMA
The Federal Emergency Management Administration (FEMA) announced that more than $1.2 million has been disbursed to people affected by June flooding. The federal agency announced in a release that as of July 18, more than $1.15 million has been released for the Housing Assistance program, and more than $62,000 from the Other Needs Assistance program.… Continue reading More than $1 Million in Assistance Has Been Disbursed Due to June Flooding: FEMA
FEMA Report: Flood Insurance Hikes Will Drive 1M from Market
When pressed by members of Congress, the Federal Emergency Management Agency (FEMA) stated that its new update to the nation’s flood insurance program will encourage more people to sign up for coverage, despite the fact that many will pay more for it. However, according to a FEMA report obtained by The Associated Press under the… Continue reading FEMA Report: Flood Insurance Hikes Will Drive 1M from Market
NY Law Would Require Landlord Disclosures of Flooding History
Raisa Brown spent one night last September wondering how much the water would rise up to her platform bed. Brown, 32, and her fiancé — with their 3-year-old son in tow — considered using a mop and Swiffer to row away. The remnants of Hurricane Ida flooded Brown’s first-floor home in Mamaroneck, with flood water… Continue reading NY Law Would Require Landlord Disclosures of Flooding History
FEMA Urges Congress to Stop Writing Flood Insurance for Highest-Risk Areas
The Senate Banking Committee will examine the federal government’s flood insurance program as officials seek congressional approval to do something unprecedented: drop coverage for frequently flooding properties and deny coverage for homes in the most flood-prone areas. The proposal is part of the Federal Emergency Management Agency’s plan to overhaul the National Flood Insurance Program,… Continue reading FEMA Urges Congress to Stop Writing Flood Insurance for Highest-Risk Areas