"‘What we are seeing is flooding is increasing faster than we are mitigating our risk,’ one analyst says of data from the National Flood Insurance Program".
"The number of U.S. properties that have flooded numerous times continues to rise, according to newly released federal data, in the latest sign of the nation’s mounting flood risk.
Figures show that the National Flood Insurance Program (NFIP), which covers millions of homeowners across the nation, now has on its books at least 44,000 structures where damage has been covered again and again by taxpayers, in some cases with cumulative payouts that exceed a property’s worth.
One property in Virginia Beach has flooded 52 times — including four floods in 2020 and another two in 2021 — with total payments amounting to $784,967. Another property on the Outer Banks of North Carolina has flooded 44 times, with payments totaling more than $2.2 million. There are 30 properties that have flooded at least 30 times, the data shows."
Brady Dennis and Harry Stevens report for the Washington Post January 9, 2024.
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