Tag Archives: flood damage

As climate changes expose more U.S. housing stock to potential flood damage, the Congressional Budget Office has issued an impact report encompassing homeowners with mortgages protected by the GSEs or backed by the FHA or VA.

Narrowly avoiding cancelation and a total government shutdown, last-minute bipartisan legislation was passed calling for the continued funding of the NFIP for an additional 45 days, through mid-November.

Acknowledging the looming dangers of a warming planet, CoreLogic has released new research accounting for factors such as rising sea levels, increased frequency of intense storms, and the amount of flooding that could be caused by storms in the Miami area by 2050.

It seems that the Federal Emergency Management Agency Risk Rating 2.0, which is changing up where and how much people are being charged for flood insurance, is impacting Texas and Florida the hardest.  FEMA’s Risk Rating 2.0 raises flood insurance ...

While flood damage is estimated to increase by 61% over the next 30 years, rates of flood insurance coverage lag behind—a mounting threat for property owners. Natascha DeVries, VP, Account Management at ServiceLink National Flood examines this impact.