
Flood risk is growing for US homeowners due to climate change. Current insurance rates greatly underestimate the threat, a new report finds
CNN
Flooding is the most costly natural disaster in the United States. As climate change increases the risk of flood damage, a new report finds that the country's National Flood Insurance Program is greatly underestimating the financial threat to homeowners.
And almost no place in the country is immune as 98% of all counties in the US have experienced at least one flooding event. In the last decade alone, floods have caused more than $155 billion worth of damage, according to the Federal Emergency Management Agency (FEMA). As the climate changes, the risk of financial loss from flooding for millions of homeowners is increasing.More Related News

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