flooding

Homes are no longer insured sufficiently against the increasing dangers of flooding

Homes are no longer insured sufficiently against the increasing dangers of flooding


The increased flooding caused by climate change creates a hidden financial risk for homeowners that the insurance industry is failing to address. A recent study from the First Street Foundation, a non-profit organization dedicated to quantifying flood risk in the U.S., found the current flood risk to homes to be vastly underestimated by insurance companies. The study identified almost 4.3 million homes with a substantial flood risk, and found if all of these homes were properly insured against this risk through the National Flood Insurance Program, insurance premiums would need to multiply almost five-fold.

Weekly Climate News

March 25, 2021 

  • Many companies are advocating for the profitability of conservation, sustainable fishing and carbon sequestration. 

  • Research has found that farmed fish are consuming more vegetables than wild fish stocks. 

  • Flooding in Australia has forced about 20,000 Australians to evacuate and has caused the closure of over 150 schools. 

  • In the face of political turmoil, COVID-19 and economic crisis, Lebanon is becoming more ambitious in its climate policy with the goal of cutting carbon emissions 20 percent by 2030. 

  • A new NASA satellite has been designed to track natural disasters, melting ice and other climate change-related effects. 

  • A new study in the journal Geophysical Research Letters indicates that summer in the Northern Hemisphere is lengthening. In response to global heating, the end of the century could see the extension of summer by nearly six months. 

  • NASA has recently joined the White House National Climate Task Force. 

  • Tropical rainforest used to cover 13 percent of Earth’s surface. Today, 34 percent of that area is gone while an additional 30 percent is degrading.

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