Flood

People canoe through floodwaters in Houston on Saturday, May 30.  Torrential rains have given Texas the wettest month on record, according to Texas A&M climatologists.  In all, 37.3 trillion gallons of water have fallen over the state in May, the National Weather Service said.

cnn.com - by Kevin Conlon - June 14, 2015

(CNN) For portions of rain-battered Texas, the warnings issued by the National Weather Service on Sunday must have seemed like a cruel joke: a tropical storm that is potentially forming in the Gulf of Mexico is headed straight for them.

"Through Wednesday, widespread rainfall totals could easily average 6 to 8 inches with some amounts exceeding 10 inches," read the ominous forecast issued by the weather service office in Houston. "This will obviously lead to a dangerous flood situation."

Local officials sounded even more alarmed, calling the event "possibly catastrophic."

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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)

Manuel Sanchez takes in the view of his flooded home and property on September 14, 2013 in La Salle, Colorado. Photographer: Marc Piscotty/Getty Images

businessweek.com- by James Rowley - March 4, 2014

The U.S. House passed legislation trimming premiums for government-sponsored flood insurance

The measure would limit premium increases to 18 percent per policy or 15 percent of an average of premiums in a particular flood zone.

The House bill, H.R. 3370, must be reconciled with legislation passed by the Democratic-controlled Senate that House Republican leaders said would roll back too many of the 2012 law’s changes. The Senate bill is S. 1926.

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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.