Flood Insurance
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Emerging Risks: what are the main risks for 2025?
AXA is one of the largest global insurers with over 100 million customers and 165,000 employees in 64 countries. Preparing for tomorrow’s risks means reflecting and taking actions on them today. That is why AXA surveys employees worldwide every year to identify the most important emerging risks for the next five to 10 years. […]
The Future of U. S. Flood Insurance
2017’s hurricane season revealed an astounding lack of resiliency in the U.S. on many levels. Hurricanes Harvey, Irma and Maria laid bare fundamental inadequacies of the current flood insurance program. Too few homeowners had flood insurance in place. Federal Emergency Management Agency (FEMA) flood maps inadequately represent actual flood risks and, even more importantly, outreach programs […]
2017 Shatters Records with $306 Billion in Damages from Climate-Linked Disasters
The nation’s third-hottest year on record is now officially its costliest for billion-dollar natural disasters. Sixteen $1 billion-plus weather and climate-related events killed at least 362 people. The United States suffered its worst wildfire and hurricane seasons in modern history, according to a report released Monday by the National Oceanic and Atmospheric Administration. Read the entire article at The Huffington Post. […]
A Broke, and Broken, Flood Insurance Program
An unusual coalition of insurers, environmentalists and fiscal conservatives is seeking major changes in the National Flood Insurance Program. Read the entire article at the New York Times. Congress must decide by Dec. 8 whether to keep the program going. An unusual coalition of insurers, environmentalists and fiscal conservatives has joined the Trump administration in calling […]
Climate Council Disbanded While Tanker Traverses Arctic Without an Ice Breaker, and Harvey Continues Record Breaking Run
This article, written by Tim Rumage, appeared originally at Planetary Ethicist. The disbanding of the Climate Council1 was an easy story to miss in the last couple of weeks of statutes, protests, Harvey and floods. Even today’s news of the US State Department’s proposed reorganization2 (which functionally demotes discussions on Climate Change and […]
Why Coastal Insurance Costs are Rising
Read the entire article at Yale Climate Connections. The insurance system has been strained by huge payouts after devastating storms. So many American homeowners in flood-prone areas are facing more expensive insurance premiums. Filer: “Particularly post-Katrina and post-Sandy, now, insurers are going back in and reevaluating the risk and that’s why we’re starting […]
Inland Properties Can Go Underwater First
Read the entire post at John Englander. Most assume that properties right on the coast are most vulnerable to rising sea level, but in many places, those much further inland will flood first. Properties right on the shore are often more than ten feet (3 meters) above sea level and might be safe for many decades. […]
When Rising Seas Transform Risk into Certainty
When Elisa Staton found a small house a block from the water in Larchmont-Edgewater in 2005, she was thinking of the neighborhood’s grand trees and Tudor-style houses, of the elementary school she hoped to send her kids to, once she had them. She wasn’t thinking much about flooding, though she knew the house was in […]
