Why More Nonwhite Neighborhoods Might Be Flood Prone
In dozens of cities across the country, maps of flooding danger zones bear a striking resemblance to corresponding redlining maps of yesteryear, a study revealed.…
Category: flood
Study Shows American’s Ill-Prepared for Flooding
A few years ago, back in 2017, CoreLogic estimated that roughly 70% of the flooding damage incurred from Hurricane Harvey was uninsured. Sadly, according to…
FEMA Delivers Update on NFIP Progress
The new report details several areas of customer frustration related to the NFIP that warrant a systemic solution. The post FEMA Delivers Update on NFIP…
NFIP Issued $400m in Reinsurance Protection
FEMA transferred the National Flood Insurance Program’s flood risk to the capital markets through the issuance of its third catastrophe bond transaction The post NFIP…
The Racial Divide of Flood Damage Buyouts
According to new research from Rice University, government buyouts of flood-damaged homes disproportionately benefit whiter, wealthier communities, even as low-income and minority homeowners are more…
Mississippi Homes at Risk of Flood Damage
As the Pearl River reaches historic levels, Jackson, Mississippi residents prepare their homes for impending damage. The post Mississippi Homes at Risk of Flood Damage…
The Next Steps for NFIP
Here’s why the future of the National Flood Insuance Program and private flood insurance depends on data and technology. The post The Next Steps for…
FEMA, NFIP Announce $1.33B Transfer in Reinsurance Placement
The newest reinsurance covers portions of NFIP losses above $4 billion from a single flood event. Click through to read more on the announcement. The…