Climate change is increasing flood risk around the country. Insurance rates are not keeping pace, report finds

And almost no place in the country is immune as 98% of all counties in the US have experienced at least one flooding event. In the last decade alone, floods have caused more than $155 billion worth of damage, according to the Federal Emergency Management Agency (FEMA). As the climate changes, the risk of financial loss from flooding for millions of homeowners is increasing.

A new report finds that there is a growing gap between the financial threat homeowners face from flooding and the insurance rates some pay to cover that risk. Currently, there are nearly 4.3 million residential properties

→ Continue reading at CNN - Business News

More from author

Related posts

Advertisment

Latest posts

Climate change is increasing flood risk around the country. Insurance rates are not keeping pace, report finds

And almost no place in the country is immune as 98% of all counties in the US have experienced at least one flooding...

Rio Tinto blew up a sacred site in Australia. The CEO left but still got a huge payout

Jean-Sébastien Jacques received £13.3 million ($18.6 million) in pay and long-term incentive rewards in 2020, compared to £7.1 million ($9.9 million) the previous...

Are companies aware? The 7 levels of personal and business consciousness

February 22, 2021 10 min read This article was translated from our Spanish edition using AI technologies. Errors may exist due to this...