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Floridians are underpaying for flood insurance, study finds. Get ready for costs to rise - Vimarsana News

Floridians are underpaying for flood insurance, study finds. Get ready for costs to rise

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 ...

Source: msn.com
Cost of flood damage to U.S. homes will increase by 61% in 30 years - Vimarsana News

Cost of flood damage to U.S. homes will increase by 61% in 30 years

Cost of flood damage to U.S. homes will increase by 61% in 30 years

Source: msn.com
A Looming Disaster: New Data Reveal Where Flood Damage Is An Existential Threat - Vimarsana News

A Looming Disaster: New Data Reveal Where Flood Damage Is An Existential Threat

Listen • 4:25 Rainelle, W. Va. flooded in June 2016. Years later, the town still hasn't recovered. When large numbers of people don't have insurance or savings after a disaster, the effects can ripple through the community. Pastor Aaron Trigg was at home when the water arrived in Rainelle. It had been raining hard all day, filling the creeks and rivers that run through southern West Virginia. In the past, such intense downpours would last only a few hours, but this storm brought wave after wave of torrential rain. "You could hear the water up in the mountains just crashi...

Source: kunc.org
Cost of flood damage to US homes will increase by 61% in 30 years - Vimarsana News

Cost of flood damage to US homes will increase by 61% in 30 years

Over 4 million homes - concentrated in Florida, California, South Carolina and Texas - are at substantial risk but most are not required to have flood insurance, ...

Source: trust.org
Federal Flood Insurance Premiums Far From Keeping Up With Expected Losses - Vimarsana News

Federal Flood Insurance Premiums Far From Keeping Up With Expected Losses

If the nearly 4.3 million residential homes (1-4 units) across the country with substantial flood risk were to be insured through the National Flood