flood risk News

Coastal Flooding Could Threaten 20% of World’s Economic Output by 2100: Study

Failure to rein in climate change and bolster sea defenses could jeopardize up to a fifth of the world’s economic output by the end of the century, as flooding threatens coastal countries worldwide, according to a study released on Thursday. …

Lenders With the Best Climate Data Will Be in a Position to Discriminate: Viewpoint

We now live in a world where climate gentrification exists: People and institutions are starting to assess and appraise properties based on their susceptibility to climate impacts. The idea was largely hypothetical as recently as 2016, but over the past …

Think Tank Urges Flood Insurance Program to Stop Enabling Building in High Risk Areas

The threat of sea-level rise should force policymakers to rethink policies that encourage development in flood-prone regions. One place to start is with the National Flood Insurance Program (NFIP), according to the Washington, D.C. free market think tank R Street. …

Investors Betting Against U.S. Mortgage Market Are Banking on Mispriced Flood Risk

David Burt helped two of the protagonists of Michael Lewis’ book The Big Short bet against the U.S. mortgage market in the run-up to the 2008 financial crisis. Now he’s betting against the market again, but this time, the risk …

Lack of FEMA Levee Approval Would Leave Southern Illinois Village at Risk

The fate of a Mississippi River levee that’s awaiting a decision on federal accreditation could put a southern Illinois village at risk of destructive flooding, the village president says. If the levee in Prairie du Rocher loses Federal Emergency Management …

Scientists Vow to Report Flood Risk for Every U.S. Property for Free

In a major research undertaking, a group of scientists and a technology nonprofit technology organization have set a mission to calculate the past, current and future flood risk of every property in America. While institutional real estate investors and insurers …

Verisk Product Scores Properties on Flood Risk; Could Replace Outdated Flood Maps

Data analytics firm Verisk is touting the launch of WaterLine, an underwriting tool that scores flood risk for all properties in the contiguous United States, helping identify homes and businesses vulnerable to flood. The product scores properties on a 0-to-100 …

29 Million Flood Risk Properties Lie Outside Official Flood Zones: CoreLogic

An estimated 23 percent of residential and commercial properties in the U.S. are at high or moderate risk of flooding but are outside of designated Special Flood Hazard Areas (SFHA) as identified by the Federal Emergency Management Agency (FEMA), according …

NOAA: North Dakota at Highest Risk for Spring Flooding

Northern North Dakota – the Souris River, Devils Lake and the northernmost reaches of the Red River – has the greatest risk of major flooding this spring, while moderate flooding is possible over southern Idaho in the Snake River basin, …

How Flood Risk in U.S. Is Changing: Increasing in North, Decreasing in South

The risk of flooding in the United States is changing regionally, and the reasons could be shifting rainfall patterns and the amount of water in the ground. In a new study, Recent Trends in U.S. Flood Risk, University of Iowa …