There is very little #flood #insurance across the nation:

"In California, only about 230,000 homes and other buildings have flood insurance policies, which are separate from #homeowners insurance. That means only about 2% of properties are covered against flooding. The federal government is the insurer for the bulk of them – about 191,000 as of December."

And that program is broke.

#NFIP #climatechange
https://apnews.com/article/floods-weather-natural-disasters-california-climate-and-environment-b71eadd83be6176d45f7a1baf7bb2576

RT @ronnykareni@twitter.com

#Oceania Indigenous ‘guardians’ call for self-determination on West Papua day | #asiapacificreport Asia Pacific Report #westpapua #nuclearfreeandindependentPacific #nfip #selfdetermination #decolonisation #nuclearfree
https://asiapacificreport.nz/2022/12/01/oceania-indigenous-guardians-call-for-self-determination-on-west-papua-day/

🐦🔗: https://twitter.com/ronnykareni/status/1598281828267614208

Agent-based model estimates $10bn in positive societal benefit from risk-based premiums in National Flood Insurance Program (due to incentivizing risk reduction) by 2050. Benefit would be enhanced ($26bn) by pairing with large-scale adaptation measures, which would also help mitigate equity concerns.

de Ruig Nat Clim Ch https://www.nature.com/articles/s41558-022-01501-7

#j #NFIP #climate #flood #insurance

"The FHA requires insured mortgages for properties in #SpecialFloodHazardAreas to have #FloodInsurance. Previously, only flood insurance obtained through #NFIP was permissible – which limited choices for consumers." https://www.insurancejournal.com/news/national/2022/11/22/696240.htm