Page 14 - Matthew Eby News Today

The commercial real estate industry faces an intensifying threat from flooding, which will likely create billions of dollars in increasing costs, research says.

Rising climate-change-related flood risks are creating growing losses for both firms and the communities that depend on them

The commercial real estate industry faces an intensifying threat from flooding, which will likely create billions of dollars in increasing costs, research says.

While residential flooding threats are well studied, the risks that climate change poses to commercial buildings are less familiar to the public.

The program — Risk Rating 2.0 — will mean higher prices for about three-quarters of the 4.9 million federal flood insurance policies and decreases for the rest.

Many areas found to have the greatest vulnerability to flood damage were familiar: Florida, Louisiana and Texas.

The commercial real estate industry faces an intensifying threat from flooding, which is likely to lead to billions of dollars in increasing costs, a new study

The commercial real estate industry faces an intensifying threat from flooding, which is likely to lead to billions of dollars in increasing costs, a new study

WASHINGTON- In the past year, the southwestern Louisiana city of Lake Charles weathered two hurricanes, intense rainfall that sent water gushing down streets and a deep freeze that burst pipes. ' "said Eastman, a real estate agent whose annual policy is scheduled to climb from $600 to $2,500 over the next several years. It is a working coast in our state, "said Jim...

Most homeowners won’t see radical changes under new pricing guidance, but some may be surprised their flood coverage costs less – or maybe more.