You would think the people of the small towns of Nicholas and Rosewood would pack up their stuff and move somewhere safer after having their homes flooded out twice in the last three years. The obvious answer is don’t rebuild, move....
A paper published in September states that if banks continue to exploit the climate-change epidemic by using it to make more money with the method of buying and selling high risk disaster mortgages to taxpayer- support entities. This will possibly cause a repeat of the...
A recent report by the United Nations shows that even if the world succeeds in meeting the long-term goal established in the Paris Agreement, sea levels will continue to rise faster than earlier thought by the end of the century. If we don't slow down...
In a meeting with House lawmakers, environmental experts warned that the National Flood Insurance Program (NFIP) is at significant risk due to climate change and it's only likely to get worse in the future. The meeting, hosted by the Financial Services Subcommittee on National Security,...
According to a recent study, as the climate continues to heat up, rising sea levels will require 22 states to build some form of seawall or barrier. This covers over 50,000 miles (80,000km) of coastline at a cost in the billions of dollars, which comes...
In order for this to happen, insurers must have access to highly accurate "first-floor height" such as that provided by technology such as the use of LiDAR (light detection and ranging) laser inclinometers. This is far more important than the use of geographic risks...
Once upon a time, the property/casual sector looked at private flood insurance was considered the "impossible dream." Most private insurers felt there would never be a market for residential flood insurance....
Shortly after Hurricane Dorian passed brushed the North Carolina Coast, The News & Observer hosted a group of experts to discuss what can be done to prevent the damage caused by this storm. Erin Carey, N.C. Sierra Club’s coastal conservation coordinator was asked by...
FEMA's National Flood Insurance Program (NFIP) has one major problem, while areas like the Federal Reserve's 9th District have significant enrollment, the bulk of the nation chooses not to take advantage of it. FEMA began releasing masses of data that included this finding along with...
In order of rainfall, Florence dumped 30 inches, while Imelda and Harvey both produced 40 inches of rain. With man-made climate change, these epic storms continue to be more frequent and growing in size and damage. In order of rainfall, Florence dumped 30 inches, while...