flood and storm surge risk News

6.5 Million Homes from Maine to Texas at Risk for Storm Surge: CoreLogic

More than 6.5 million homes along the U.S. Atlantic and Gulf coasts are at risk of storm surge inundation, representing nearly $1.5 trillion in total potential reconstruction costs. More than $986 billion of that risk is concentrated within 15 major …

Proposal Envisions Artificial Islands Near N.Y. to Blunt Future Storm Surges

A string of artificial islands off the coast of New Jersey and New York could blunt the impact of storm surges that proved so deadly during Superstorm Sandy, according to a new proposal. It’s a big proposal — one that …

Munich Re Expert Tells IUMI Cat Models a Must for Marine Risks

Marine underwriters at the International Union of Marine Insurance (IUMI) conference in London heard from Hjortur Thrainsson, Munich Re’s modeling expert, that even a catastrophe model that is wrong is better than no model at all. He was speaking at …