The Insurance Information Institute (III) recently released a new report entitled Flood: Beyond Risk Transfer. It predicts that major flood events will grow over the next 30 years, even though insurance and policymakers improve their abilities to reduce flood risks. “Our understanding of loss trends and expertise in assessing and quantifying risk must be joined at […]
Hurricane Irma hit and flooded streets in Fort Lauderdale, FL Starting this week, the nonprofit research and technology group, First Street Foundation is launching an interactive website that offers flood risk data on over 142 million homes and properties across the country. This allows, homeowners and homebuyers the ability to check a forward-looking analysis of […]
Within the United States, flooding is the most expensive natural disaster with cost over $1 trillion in inflation adjusted dollars since the year 1980. According to new calculations, the flood risk across many states in the country is far greater than current government estimates show. This threat could grow as climate change gets worse. First […]