sciencedaily.com - March 5, 2015

Source:  Texas A&M University

CLICK HERE - STUDY - Changing global patterns of urban exposure to flood and drought hazards

Summary:  A heads-up to New York, Baltimore, Houston and Miami: a new study suggests that these metropolitan areas and others will increase their exposure to floods even in the absence of climate change.  Their work is published in Global Environmental Change. . . .

. . . "Through land change, bank protection, channelization, and other means, urbanization can also alter the geomorphology of river channels and floodplains, which in turn may contribute to increased risk of flooding."

"Our findings suggest that future urban expansion in flood and drought prone zones will at least be as important as population growth and economic development in increasing their exposure," the researchers add.

"With climatic changes, this exposure is only expected to increase in the future. Thus, proper planning and financing in fast growing cities today will be critical in mitigating future losses due to floods and droughts."

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President Barack Obama signs flood insurance bill into law.
(AP Photo/Charles Dharapak)

nola.com - by Bruce Alpert - March 21, 2014

WASHINGTON -- President Barack Obama Friday signed into law hard-fought legislation that will limit flood insurance premium increases to no more than 18 percent a year.

White House officials called Sen. Mary Landrieu, D-La., shortly after 1 p.m. CT to say the bill is now law.

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(CLICK HERE - H.R. 3370)

A man walks through flooded streets in Hoboken, New Jersey, after Superstorm Sandy | Emile Wamsteker/Bloomberg via Getty Images

As subsidized rates of federal flood insurance rise, property owners along the coasts get angry. But we need insurance that reflects the risks of a changing planet

time.com - by Bryan Walsh - October 1, 2013

Thousands of homeowners in flood-prone parts of the country are going to be in for a rude awakening.  On Oct. 1, new changes to the National Flood Insurance Program (NFIP), which offers government-subsidized policies for households and businesses threatened by floods, mean that businesses in flood zones and homes that have been severely or repeatedly flooded will start going up 25% a year until rates reach levels that would reflect the actual risk from flooding. (Higher rates for second or vacation homes went into effect at the start of 2013.) That means that property owners in flood-prone areas who might have once been paying around $500 a year—rates that were well below what the market would charge, given the threat from flooding—will go up by thousands of dollars over the next decade.