David Burt helped two of the protagonists of Michael Lewis’ book The Big Short bet against the U.S. mortgage market in the run-up to the 2008 financial crisis. Now he’s betting against the market again, but this time, the risk …
The fate of a Mississippi River levee that’s awaiting a decision on federal accreditation could put a southern Illinois village at risk of destructive flooding, the village president says. If the levee in Prairie du Rocher loses Federal Emergency Management …
In a major research undertaking, a group of scientists and a technology nonprofit technology organization have set a mission to calculate the past, current and future flood risk of every property in America. While institutional real estate investors and insurers …
Data analytics firm Verisk is touting the launch of WaterLine, an underwriting tool that scores flood risk for all properties in the contiguous United States, helping identify homes and businesses vulnerable to flood. The product scores properties on a 0-to-100 …
An estimated 23 percent of residential and commercial properties in the U.S. are at high or moderate risk of flooding but are outside of designated Special Flood Hazard Areas (SFHA) as identified by the Federal Emergency Management Agency (FEMA), according …
Northern North Dakota – the Souris River, Devils Lake and the northernmost reaches of the Red River – has the greatest risk of major flooding this spring, while moderate flooding is possible over southern Idaho in the Snake River basin, …
The risk of flooding in the United States is changing regionally, and the reasons could be shifting rainfall patterns and the amount of water in the ground. In a new study, Recent Trends in U.S. Flood Risk, University of Iowa …
Norfolk officials are urging residents to take notice of proposed changes to federal flood insurance rate maps in the wake of Hurricane Matthew. The Virginian-Pilot reports that the rate maps would require some landowners to buy coverage and put some …
Sompo Canopius AG has entered into a license agreement with SSBN, which will provide it with flood models and hazard maps for the United States. SSBN works within the insurance sector, providing global flood risk analytics, which are based on …
Flooding in the final month of 2015 will put pressure on the earnings of U.K. property insurers, according to a briefing published by A.M. Best. Initial estimates of combined insured losses from Storm Desmond, which hit the United Kingdom on …
