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 […]
Tag Archives: flood insurance
Rising Flood Frequency
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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Real Estate and the Rising Sea Level
by Daniel Brouse “Living near the water is incredibly appealing for people around the country, but it also comes with additional considerations for buyers and homeowners,” Zillow chief economist Svenja Gudell wrote in a new report. “Homes in low-lying areas are also more susceptible to storm flooding and these risks could be realized on a […]
Posted in Environment, Finance, Global Warming, Law, Science
Also tagged climate change, flooding, floods, real estate
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Flood Insurance and Rising Sea Levels
by Daniel Brouse Q: Who pays for flood insurance? A: The United States government, FEMA, covers losses for people that pay flood insurance premiums. Q: Does your homeowners insurance policy cover you in the event of flooding? A: No. Flood insurance coverage is very limited. For instance, basements and belonging in a basement are not […]
Posted in Business, Environment, Finance, Global Warming, Government, Law, weather
Also tagged climate change, flooding, houses, real estate, sea level rising
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Climate Change Immigrants and Refugees
By Daniel Brouse EARTH — As human induced climate change is realized, mammals have started showing patterns of migration. Some conditions are driving animals south due to the loss of their habitat (mostly animals living on ice, such as, seals and polar bears.) Some conditions are allowing animals to migrate further north (like humpback whales.) […]
Posted in Environment, Global Warming, health and wellness, International, Science
Also tagged adapt, climate change, Climate Change Immigrants and Refugees, climate change refugees, FEMA, human induced climate change, humans, sea level rise
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When Storms Collide
October 29, 2012 — The worst case scenario is about to take place for the New Jersey Shore. Hurricane Sandy is expected make landfall during high tide. Part of the Atlantic City boardwalk has already been washed away. October 26, 2012 — Though hurricane Sandy has been downgraded, there is a chance the Northeastern United […]
Posted in weather
Also tagged danger, Hurricane Sandy, insurance, Jersey Shore, New Jersey evacuations, storm warming, warnings
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