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FEMA flood maps underestimate flood risk for approximately 6 million homes

Fortune · ·by G4L

  1. 1FEMA flood maps are underestimating the flood risk for approximately 6 million homes.
  2. 2A total of 14.6 million assets exist with flood risk according to one estimate, and some maps are 20 years old.
  3. 3Yili Yu, Dylan Connor, James R. Elliot, and colleagues studied nearly 1 million homes in Houston with detailed flood risk scores.

So what's the key point?

Government flood maps are underestimating the risk for 6 million homes. According to research, there are a total of 14.6 million assets at risk.

Source Fortune · View original ↗

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