flooding News

FEMA Expands Reinsurance Program by Transferring $575M in Flood Risk to Capital Markets

The Federal Emergency Management Agency in an effort to engage reinsurance markets to bolster the financial framework of the National Flood Insurance Program and promote private sector participation in flood-risk management has again obtained reinsurance coverage through insurance-linked securities reinsurance. …

New Storms Hit California as Wet Winter Brings More Flooding, Winds and Heavy Snowfall

AccuWeather meteorologists on Sunday forecasted the “relentless wet pattern” will continue for residents along the West Coast through at least the middle of the week, as stormy conditions move onshore with rounds of locally heavy rainfall and a renewed risk …

California Faces New Flood Risk as Storm Moves On: Weather Watch

California’s flood threat isn’t over even as the storm currently battering the state whirls its way across the US West. The US Climate Prediction Center said there is the potential for more heavy rain and snow across Southern California and …

CoreLogic: California Storms Put 543K Homes at Risk of Flash Flood Damage

CoreLogic estimated that across the greater Los Angeles area, nearly 543,000 single- and multifamily homes with a combined reconstruction cost value (RCV) of more than $258 billion are at risk of flash flood damage. Reconstruction cost value is the cost …

California Faces Renewed Flood Risk as Deadly Storm Drops More Rain

The risk of flash flooding and landslides persists for 21 million people across California as rains from a deadly atmospheric river keep falling throughout the day. Flood watches continue across Southern California, where about an additional 0.5 to 0.75 inch …

‘Firehose’ of Flooding Rains Bring Landslide Risk to Hollywood

The Hollywood Hills and Santa Monica Mountains face life-threatening landslides and flash flooding on Monday as an intense atmospheric river blankets Southern California. “We have an atmospheric firehose pointed right at Southern California,” said Ryan Truchelut, president of commercial forecaster …

California Braces for Floods and Snow as Big Storm Nears Coast

The first of two large moisture streams are coming ashore in Northern California and will spread rain further south through Thursday. Northern California will likely receive 3 to 5 inches (7.6 to 12.7 cm) of rain, while central areas are …

US and UK Face Wild Storms Over Next Two Days: Weather Watch

Chicago commuters will have a slippery start to the work week as a couple waves of ice and sleet are due to come their way through Tuesday. The current forecast calls for 0.1 to 0.25 of an inch of ice …

Londoners Unprepared for ‘Lethal’ Climate Risks, Report Says

London isn’t ready to deal with climate risks including flooding and overheating, according to an independent review of government measures. An interim report commissioned by the city’s mayor concluded that the British capital isn’t adapting quickly enough to mounting risks …

Snow in the West and Flooding in the Northeast. And More Foul Weather Is on the Way

CONCORD, N.H. (AP) — Drenching rains, flooding and fierce winds stranded vehicles, shuttered schools and knocked out power to hundreds of thousands in the Northeast, the swan song of a bout of violent weather that battered most of the United …