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INDUSTRY NEWS

New Flood Risk Assessment Tool

The non-profit research and technology group, First Street Foundation, just released their online probabilistic flood model, FloodFactor, which provides more comprehensive flood risk information for U.S. properties in an easy-to-understand format.  The free tool is the product of more than 80 world-renowned scientists, technologists and analysts who worked in partnership to provide this public resource for historical and future flood risk information. 

 

In addition to hosting the online tool that will allow property owners to learn more about their respective flood risks, the Foundation team's data analysis has revealed that there are 70% more properties with substantial flood risk than has been identified by FEMA as being within Special Flood Hazard Areas.  The model also reveals an expected growth in this number of at-risk properties by more than 1.5 million by the year 2050 based upon a variety of anticipated environmental changes.

 

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