Flooding the leading driver
Rapidly climbing U.S. disaster costs tally more than just immediate property damage; they are becoming a huge burden on the mortgage market, leading to an increase in foreclosures. According to First Street Foundation’s 13th National …
New reports show underinsured areas & “paradoxical” development
A new report from the Consumer Financial Protection Bureau finds many properties may be underinsured in non-coastal flood zones, FEMA’s maps may be lulling homeowners into a false sense of security, and …
Plus a new look at flood rate inadequacy
With the news that FEMA is delaying the premier of its new flood insurance rates from April 1 to October 1 – and phasing them in – comes new details on exactly …
Private modeling turning public!
There’s another report that came out this week quantifying the under-classification and reporting of high-risk flood properties here in Florida and in the United States. But this one has an interesting addition – a property-specific look-up …
43% more homes affected by Irma storm surge than might otherwise
This current period of sea level rise we’re experiencing on Florida’s coasts is affecting the number of homes impacted by storm surge. A new report by the First Street …