“your flood insurance premiums could rise up to 18 percent each year” A recent article in the Miami Herald reports: “FEMA confirmed to the Miami Herald that it is looking into switching to risk-based pricing in 2020, which would end the subsidies most coastal communities enjoy on their flood insurance premiums and show the true […]
Tag Archives: flood insurance
Flood Insurance Rates Rising
Posted in Environment, Global Warming, Government, Science, weather
Also tagged climate change, flooding, floods
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Climate Change Hammers US Coasts
In a report published by NOAA, the 2017 nation‐wide average annual frequency of high tide flooding hit an all‐time record. If high tide flooding in 2018 follows historical patterns, flooding will be most common during the winter (Dec‐Feb) along the West Coast and the northern section of Northeast Atlantic Coast in response to winter storms […]
Posted in Environment, Global Warming, Science
Also tagged climate change, flooding, floods, high tide flooding, sea level rise
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Can You Weather The Whether?
Sidd says: i can’t believe anybody is moving to the coast. But apparently some people like throwing their money into the ocean. https://www.bloomberg.com/news/articles/2018-04-23/the-latest-climate-threat-for-coastal-cities-more-rich-people paper on Miami Dade climate effect on real estate appreciation the higher the better… paper is at http://iopscience.iop.org/article/10.1088/1748-9326/aabb32#supplementarydata may affect us at some point. lets b careful not to post more than […]
Posted in Education, Environment, Global Warming, health and wellness, Science, weather
Also tagged climate change, extreme weather events
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Flood Risk Denial
Climate change is causing extreme weather events. In addition, climate change is causing the sea level to rise. In an article for Phys.org, anthropologist David Casagrande asks, “When people’s homes are damaged by flooding year after year and they are offered a buyout, why don’t they leave?” “In some cases, houses on Smith Island in […]
Posted in Environment, Global Warming, health and wellness, Science
Also tagged climate change, denial, flooding, rising sea leverls
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Rising Flood Frequency
The Journal Nature published an article entitled “Attack of the extreme floods: As the oceans rise, researchers aim to forecast where severe storms will trigger the worst flooding.” “the height of what constitutes a 50-year flood event has risen by more than 10 centimeters per decade in some places” “A rule of thumb holds that […]
Posted in Environment, Global Warming, Science
Also tagged climate change, real estate, rising sea levels
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Buyer Beware: Flood and Storm Damage
As sea levels rise and storms become more volatile, some areas are actually reducing their standards for building codes. The Insurance Institute for Business & Home Safety released their 2018 report. The analysis assesses the progress of 18 hurricane-prone coastal states along the Gulf of Mexico and the Atlantic Coast in strengthening their residential building […]
Posted in Environment, Global Warming
Also tagged climate change, extreme weather events, hurricanes
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Floridians: You’re At Risk of Flooding
If you purchase real estate in a flood plain and obtain a mortgage, you will be required to purchase flood insurance. Roy Wright oversees the Federal Emergency Management Agency’s (FEMA) National Flood Insurance Program. In a presentation to the Insurance-& Risk-Linked Securities Conference, Wright said to forget about checking the flood plain maps and check […]
Posted in Environment, Finance, Global Warming, Government, Science
Also tagged climate change, FEMA, flood plain, flooding, Florida, real estate
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San Francisco Bay’s Double Whammy
by Daniel Brouse and Sidd Mukherjee Coastal communities are being forced to adapt to rising sea levels; however, San Francisco has an even bigger problem — sinking land. In a report published in Science Advances (07 Mar 2018: Vol. 4, no. 3, eaap9234 / DOI: 10.1126/sciadv.aap9234), the Bay Area has to face both rising sea […]
Posted in Environment, Global Warming, Science
Also tagged exceedance probability, FEMA, flooding, floodplain, land subsidence, sea level rise
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Sea Level Rise and Property Values
“Disaster on the Horizon: The Price Effect of Sea Level Rise” Asaf Bernstein, Matthew Gustafson, and Ryan Lewis. Sea level rise coming home, the market is paying attention (Halleluia! who woulda thunk it. The real estate market, especially on the coasts is a wretched hive of villainy)) The first sentence of the abstract is “Homes […]
Posted in Environment, Global Warming, Science
Also tagged homes, housing, real estate, rising sea level, sea level rise, water
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Climate Change And Credit
by Daniel Brouse Part of a series of articles on Climate Change And Flood Insurance Homeowners living in flood plain have learned the hard way that climate change has effected their ability to get a mortgage. As the sea level rises and extreme weather events intensify, homeowners have found their insurance rates increasing or their […]
Posted in Business, Environment, Global Warming, Government, Law, Science
Also tagged climate change, credit, extreme weather events, real estate, rising sea level, sea level rise
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