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
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