Home

Instant Insights / Managing risks this hurricane season

Here are the insights insurance pros and policyholders need to know to navigate the 2021 hurricane season.

X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.
Mailboxes stick out from flood waters in Lakeside Estate in Houston, Texas on August 30, 2017. (Photo: Getty Image/AFP) Mailboxes stick out from flood waters in Lakeside Estate in Houston, Texas on August 30, 2017. (Photo: Getty Image/AFP)

(Bloomberg) — First Street Foundation, a nonprofit agency, is making accurate climate change-adjusted flood scores available for every property in the U.S. today. There are government-produced maps showing 8.7 million homes and properties at significant flood risk — and it turns out those may have underestimated the amount of real estate at risk by 67%. Or, in other words, an additional 6 million properties face a significant risk of flood.

Before these individual property scores were available, there was no easy way for your average homeowner or buyer to understand the flood risk associated with specific properties. That’s particularly problematic because climate change is causing flood risk to increase; there are more extreme rain events and coastal flooding than there used to be.

Want to continue reading?
Become a Free
PropertyCasualty360 Digital Reader.

INCLUDED IN A DIGITAL MEMBERSHIP:

  • All PropertyCasualty360.com news coverage, best practices, and in-depth analysis.
  • Educational webcasts, resources from industry leaders, and informative newsletters.
  • Other award-winning websites including BenefitsPRO.com and ThinkAdvisor.com.

Already have an account?

PropertyCasualty360

Join PropertyCasualty360

Don’t miss crucial news and insights you need to make informed decisions for your P&C insurance business. Join PropertyCasualty360.com now!

  • Unlimited access to PropertyCasualty360.com - your roadmap to thriving in a disrupted environment
  • Access to other award-winning ALM websites including BenefitsPRO.com, ThinkAdvisor.com and Law.com
  • Exclusive discounts on PropertyCasualty360, National Underwriter, Claims and ALM events

Already have an account? Sign In Now
Join PropertyCasualty360

Copyright © 2021 ALM Media Properties, LLC. All Rights Reserved.