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‘Many’ sovereigns in south and southeast Asia are at risk of negative rating action, with Singapore as the exception, the company says.
These are areas that, according to the federal government, have a 1% chance of flooding each year.
Cities around the world could see more than 6 feet of flooding by 2100, with several at risk of disappearing. AI flood prediction could save millions.
Sellers and landlords are now required to disclose if a property has flooded or if it is situated in a FEMA Flood Hazard Zone Area.