NEW YORK — David Burt helped two of the protagonists of Michael Lewis’ book The Big Short bet against the U.S. mortgage market in the run-up to the 2008 financial crisis. Now he’s betting against the market again, but this …
Decades of additional weather data have led federal officials to reconsider rainfall totals in Texas that define 100-year weather events and caution that extreme rainstorms will strike the state more frequently. The National Oceanic and Atmospheric Administration on Thursday released …
For the past two years, Cheri Lerma of Cheri’s Cafe & Cannon Beach Cookie has spent almost $10,000 on flood insurance she knows she doesn’t need. As a part of a countywide study by the Federal Emergency Management Agency, preliminary …
The Federal Emergency Management Agency’s flood plain maps for parts of southeastern Houston were woefully out-of-date long before Hurricane Harvey ravaged the Texas coast, a new study suggests. Researchers at Rice University and Texas A&M University at Galveston studied one …
Five years after Superstorm Sandy devastated towns along the New Jersey shore, Sen. Bob Menendez and Rep. Frank Pallone want changes made to federal flood insurance they said will fix a system that often failed beleaguered homeowners. Speaking Thursday on …
Federal officials say new flood maps for parts of North Dakota are expected to be released in early June. Federal Emergency Management Agency official Ryan Pietramali told the Minot Daily News that science and technology have improved the agency’s understanding …
Unprecedented flooding in 2011 in Lake Champlain and the Richelieu River, which drains the lake north into Quebec, is prompting scientists in the United States and Canada to begin a long process of determining whether anything can be done to …
Leaders of a Central Texas city have approved a $3.5 billion annual budget that includes buying out about 300 more homes in flood-prone areas. The Austin City Council on Tuesday approved next year’s budget and spending $78 million for residences …
Some flood insurance premiums required under a 2012 law now won’t be raised until the fall of 2015 at the earliest. The Federal Emergency Management Agency says delays passed by Congress last month will put off higher premiums required by …
Some New York City residents may soon face sharp increases in their flood insurance premiums as a result of major changes occurring in the National Flood Insurance Program and the redrawing of flood maps that expand the areas at risk, …