Federal Flood Maps Are No Match for Florida's Double Hurricane [BNN Bloomberg (Canada)]
SWISS RE LTD S/ADR (SSREY)
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Source: BNN Bloomberg
flood-risk maps underpinning decisions by millions of American homeowners and businesses are severely out of sync with a new era of climate-intensified disasters. The best-known guide to flood risk in the US is the Federal Emergency Management Agency's set of flood maps, which designate high-hazard areas where homeowners with mortgages must buy flood policies. Those maps — which are now widely and incorrectly used to understand flood risk more broadly — are often out of date and don't focus on the danger of rain-caused flooding, even as rain storms are supercharged by rising temperatures. That means many more Americans are exposed to flood risk than the maps, and a look at flood-insurance requirements, might otherwise suggest. A Bloomberg Green analysis shows discrepancies between the FEMA high-risk areas and four locations hit by Hurricane Helene's floodwaters: Tampa, Florida; Augusta and Valdosta in Georgia; and Greenville, South Carolina. Bloomberg compared FEMA's publicly av
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