BNC’s Perspective: 6+ Million Households & Property Owners Could Be Underestimating Their Flood Risk

Posted by Todd Rockefeller on Tue, May 24, 2022 @ 03:05 PM

Flooding remains a major natural disaster risk in the United States. Statistics show that in 2019, floods caused a total of 3.75 billion dollars’ worth of damage to property and crops across the country. A nonprofit research and technology group recently released a report with flood risk data for more than 142 million homes and properties across the United States. In contrast to FEMA’s classification of 8.7 million properties having substantial risk (or within Special Flood Hazard Areas), the report identified 14.6 million total properties with the same level of risk.

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Tags: flood insurance, flood risk