Category: Floods

CSU Researchers Project “Extremely Active”2024 Hurricane Season

CSU Researchers Project “Extremely Active”2024 Hurricane Season Colorado State University hurricane researchers predict an “extremely active” Atlantic hurricane season in their initial 2024 forecast. The team cites record-warm tropical and eastern subtropical Atlantic sea surface temperatures as a primary factor for their prediction of 11 hurricanes this year. Led by senior research scientist and Triple-I […]

Lee County, Fla., Towns Could Lose NFIP Flood Insurance Discounts

Lee County, Fla., Towns Could Lose NFIP Flood Insurance Discounts Property owners in Lee County, Fla., could lose their flood insurance premium discounts under the National Flood Insurance Program (NFIP) Community Rating System (CRS), according to a recent announcement by FEMA. CRS is a voluntary program that recognizes and encourages community floodplain management practices that […]

Evolving Risks Demand Integrated Approaches

Evolving Risks Demand Integrated Approaches Even as the Smokehouse Creek Fire – the largest wildfire ever to burn across Texas – was declared “nearly contained” this week, the Texas A&M Service warned that conditions are such that the remaining blazes could spread and even more might break out. “Today, the fire environment will support the potential for multiple, […]

Calif. Risk/Regulatory Environment Highlights Role of Risk-Based Pricing

Calif. Risk/Regulatory Environment Highlights Role of Risk-Based Pricing Even as California moves to address regulatory obstacles to fair, actuarially sound insurance underwriting and pricing, the state’s risk profile continues to evolve in ways that underscore the importance of risk-based insurance pricing and investment in mitigation and resilience. Triple-I’s latest “State of the Risk” Issues Brief […]

Miami-Dade, Fla., Sees Flood-Insurance Rate Cuts, Thanks to Resilience Investment

Miami-Dade, Fla., Sees Flood-Insurance Rate Cuts, Thanks to Resilience Investment Miami-Dade County, Fla., has become the latest jurisdiction in the hurricane- and flood-prone state to benefit from participation in FEMA’s Community Rating System (CRS) – an incentive program that recognizes and encourages  floodplain management practices that exceed the minimum requirements of FEMA’s National Flood Insurance Program (NFIP). The county’s new […]

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