USA Today: Flood-prone homeowners could see major rate hikes in FEMA flood insurance changes, new study finds

USA Today: Flood-prone homeowners could see major rate hikes in FEMA flood insurance changes, new study finds. “The First Street Foundation calculated ZIP code-level averages of the financial toll of flood damage by collecting home values and structural information for every single-family and small multi-unit dwelling in the nation and applying it to its previously published flood model with damage formulas. First Street calculated its figures for about 26,000 ZIP codes in the lower 48 states and D.C. ZIP codes without data are not included.”

Bloomberg Quint: A New Tool Tracks Flooded Homes Receiving Taxpayer Money

Bloomberg Quint: A New Tool Tracks Flooded Homes Receiving Taxpayer Money. “Passaic County in New Jersey is not in the hurricane belt nor is it on the banks of a major river, and yet 810 properties there received $170 million of taxpayer money through the National Flood Insurance Program (NFIP) since 1968. These are homes that flooded over and over again; on average, each has made seven separate flood claims over the years. That finding comes from a newly released tracking tool by the Natural Resources Defense Council, making public for the first time a data set of all Severe Repetitive Loss Properties (SRLP) across the nation by county.”