First Street Foundation News

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 …