Page 6 - Flood Factor News Today

Study finds Floridians are underpaying for flood insurance Follow Us Question of the Day A man smokes a cigarette and video chats with a friend on his porch, the only dry spot on his street after a King Tide-related flood in Miami Beach, Fla., on Oct. 19, 2020. A new analysis by First Street ... more > By ALEX HARRIS and The Miami Herald - Associated Press - Saturday, March 13, 2021 MIA...

PORTSMOUTH — Around the turn of the millennium, Glenn Normandeau assumed ownership of his family’s longtime property, 15 Pickering Ave., and with it took control of the property’s flood insurance plan. The annual premium paid, Normandeau estimated, is about $500 — a benefit that’s been largely underutilized due to few bouts of impactful flooding at his house. “We’ve never had, knock on wood, thank God, one of these devastation deals where the water is six feet high in the house ...

The national program that most of us get our flood insurance through is going to see major changes starting this October.

Study says FEMA flood insurance rates could increase for thousands of homeowners Some insurance experts estimate it could translate into a 400% increase in premiums on homes in the highest risk areas. Author: Troy Kless (First Coast News) Published: 7:45 PM EST February 24, 2021 Updated: 12:34 PM EST February 25, 2021 JACKSONVILLE, Fla. — A new flood risk rating system could mean the price of protecting your home could soon become much more expe...

Climate change could place 25,000 more Pennsylvania properties at flooding risk, says new study PennLive.com 2/23/2021 Marcus Schneck, pennlive.com An additional 25,122 Pennsylvania properties will be at risk of flooding by 2051 because of climate change, according to new research from First Street Foundation. A report released on Monday – The Cost of Climate: America’s Growing Floor Risk – projected that the number of properties in Pennsylvania at risk of flooding will ...

The flooding maps that determine flood insurance rates aren’t in tune with the latest climate projections. These new maps are more accurate.

Feb. 22—If you live in Florida, you should probably be paying more for flood insurance. And you likely will be soon. That first finding is the conclusion of a new analysis by First Street Foundation, a nonprofit research group focused on climate impacts on property value, which found that the majority of Floridians face a higher flood risk than their insurance costs would indicate. The second ...

Tech-powered brokerage Redfin is now publishing flood risk data for listings on the company’s website where such data is available, the brokerage announced Wednesday. That stands to impact listings on over 94 million homes on the company’s website. Individuals who visit Redfin.com will now see a “Flood Factor” score from 1 to 10 for each property (1 being the least risk), representing a home’s flood risk over the course of a 30-year period. That score will be determined by data collec...

/PRNewswire/ -- (NASDAQ: RDFN) — Redfin (www.redfin.com), the technology-powered real estate brokerage, is now publishing flood risk information for nearly...

Costs of climate change are rising: New research s... Costs of climate change are rising: New research shows how local communities could be strained in the near-term This blog post was co-authored with Nina Donaldson Much of the existing research on climate change impacts focuses on end-of-century projections across nations, but this misses the very real costs that everyday Americans are already facing daily and will continue to face in the months and years ahead. Case in point today: While mos...