First Street Foundation News

Flooding Drives Millions to Move as Climate Migration Patterns Emerge

ST. LOUIS (AP) — Flooding is driving millions of people to move out of their homes, limiting growth in some prospering communities and accelerating the decline of others, according to a new study that details how climate change and flooding …

Hurricanes Moving Farther North to Pummel Millions More Homes in US

Is it possible to predict exactly where the wind will blow? How about where it will blow 30 years from now? The First Street Foundation, a nonprofit that works to define and communicate risks posed by climate change, says it …

Researchers Say Misleading FEMA Flood Maps Understate Risk

Researchers at North Carolina State University have added their voices to the growing number of people who say that federal flood maps are inadequate and misleading, causing thousands of homeowners to avoid needed flood insurance. “In fact, only about 4% …

Climate Change Is Overwhelming US Flood Maps, FEMA Head Says

Flood maps used by the Federal Emergency Management Agency are out of date and understate the risks to homes and businesses from flooding and extreme rain triggered by climate change, FEMA Director Deanne Criswell said. Those risks are in focus …

U.S. Rolls Out First Update to Flood Insurance Pricing in 50 Years

NEW YORK — Hundreds of thousands of Americans will pay significantly more to insure their homes in coastal areas and flood zones under new rules released on Thursday by the Federal Emergency Management Agency (FEMA), the first major update to …

Dredging the Coast Is Making Flooding Worse, a New Study Says

Climate change is the main culprit behind nuisance flooding, but human alterations to coastal areas that deepen shipping channels or fill in wetlands may be exacerbating the problem by as much as 27%, according to a new study published today …

The Year Ahead: Granular Data Bringing Claims Into Sharper Focus

Only a couple of years ago most property claim inspections took at least a week, says Joshua Cruce, the newly promoted chief strategy officer for Brush Country Claims. Adjusters often spent four days out in the field inspecting damage and …

From New York to Houston, Flood Risk For Real Estate Hubs Ramps Up

The number of properties in the United States in danger of flooding this year is 70% higher than government data estimates, research released on Monday shows, with at-risk hot spots in Houston, New York, Los Angeles and Chicago. The higher …

U.S. Flood Risk Model to be Publicly Available in Boon for Homebuyers

NEW YORK, Jan 14 — A climate research organization will offer access to a risk model that predicts the probability of flooding for homes across the United States, giving the public a look at the data institutional investors use to …