Flood losses often come every five to 20 years; here's how insurance could adapt
The U.S. National Flood Insurance Program is going broke. Increased flood strikes in more places, combined with outdated ways of predicting flood risk, are putting property owners at risk and the program itself in over $20 billion of debt.
Image: Phys.org
The U.S. National Flood Insurance Program is going broke. Increased flood strikes in more places, combined with outdated ways of predicting flood risk, are putting property owners at risk and the program itself in over $20 billion of debt.
Originally published at Phys.org
