Climate Change and the Flood Insurance System

Backetti says flooding poses the largest im date threat climate change places stress on the national flood insurance programme. Flood zones will expand and bring more homes into the cross hairs of a natural disaster. For investors, the added costs of insurance can throw off their cash flow calculations. Backetti cites a study that found homes to be overvalued by about forty four billion dollars due to flood zoning. The united states is facing a housing shortage of epoc proportions.