flood risk News

South Texas Officials Worried About Flooding Due to Border Levee Breaches

South Texas officials say they are worried about flooding during the hurricane season starting June 1 from breaches in a levee system that remain after border wall construction was halted. Hidalgo County Judge Richard Cortez told Border Report that there …

Leak at Wastewater Pond Prompts Evacuations in Florida

Florida Governor Ron DeSantis declared a state of emergency Saturday after a significant leak at a large pond of wastewater threatened to flood roads and burst a system that stores polluted waters. Officials in Florida ordered more than 300 homes …

Federal Flood Insurance Premiums Far From Keeping Up With Expected Losses

If the nearly 4.3 million residential homes (1-4 units) across the country with substantial flood risk were to be insured through the National Flood Insurance Program (NFIP), the NFIP rates would need to increase 4.5 times to cover the risk …

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 …