Instant Insights / Managing risks this hurricane season

Here are the insights insurance pros need to know to advise clients and navigate the 2020 hurricane season.

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The truth about flood risk can worsen American inequality

Bad flood scores can mean less investment in low-income communities.

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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.

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