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Flood-prone homeowners could see major rate hikes in FEMA flood insurance changes, new study finds

Flood-prone homeowners could see major rate hikes in FEMA flood insurance changes, new study finds
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Over $115M in Federal Flood Claims Paid in Louisiana After 2020 Hurricanes

As climate change increases flooding, Mass likely to see damaged-property costs surge, report says

As climate change increases flooding, Mass. likely to see damaged-property costs surge, report says Advocates call for plans to manage a retreat from low-lying coastal areas By David Abel Globe Staff,Updated February 22, 2021, 12:01 a.m. Email to a Friend In January 2018. the Brant Rock section of Marshfield suffered at high tide during a blizzard.John Tlumacki By mid-century, nearly 50,000 homes a year in Massachusetts will face a substantial risk of structural damage from flooding, an 11 percent increase from today, according to a report. As sea levels rise and storms become more powerful as a result of climate change, flooding will pose a serious threat to nearly 4.3 million homes across the country by 2051. That could cause annual losses of more than $32 billion, a 61 percent increase from the estimated costs today, according to an analysis by First Street Foundation, a New York nonprofit research group that specializes in flood risk.

Ohio flood insurance rates to jump, according to First Street Foundation data

Ohio flood insurance rates to jump, according to First Street Foundation data
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