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We recently wrote that the Federal Emergency Management Agency (FEMA) announced a new pricing structure for its federal flood insurance program in an effort to improve the equitability of flood insurance. Disaster insurance and preparedness is a topic that is becoming an all too familiar topic as extreme weather events cause billions of dollars in damage each year.
This is why we were thrilled to have the chance to speak with Dr. Carolyn Kousky who is the Executive Director at the Wharton Risk Management Center at the University of Pennsylvania. We asked Dr. Kousky about FEMA’s plans to modernize the way it sets rates, the ways in which we can rethink disaster coverage so that it protects more people, and the overall lack of information available to homeowners living in high-risk areas. If you’re a homeowner or looking to purchase a home, this interview is a must-watch! An FYI from Dr. Kousky:
“Federal government aid, unfortunately, is really limited. So there are localized disaster events that don’t get any federal assistance. And even our big events that do get federal dollars, it takes so long and [the payouts] are much more limited than people think. The average FEMA grant is a couple of thousand dollars which doesn’t come close to [helping people rebuild].”
by Ashira Morris, ODP Staff Writer Rescue efforts are underway across several islands in eastern Indonesia and East Timor after Tropical Cyclone Seroja struck the region last week. The storm’s heavy rains and powerful winds led to flash flooding and landslides, damaging homes and roads. At least 8,424 people have been displaced by the storm, […]
The National Oceanic and Atmospheric Administration (NOAA) has made a major upgrade to its Global Forecast System (GFS) that experts hope will equip the agency and weather services around the world to adapt to the challenges of climate change. The upgrade will greatly improve the forecasting of extreme weather events including hurricanes and high-altitude weather systems.
Why This Matters: Hurricanes are becoming more frequent and more intense each year. But NOAA’s GFS hasn’t managed to keep up.
Thousands evacuated in Australia's worst flooding in almost half a century https://t.co/IMuH3ctNtm pic.twitter.com/InQuvXtCZB — Reuters (@Reuters) March 23, 2021 by Amy Lupica, ODP Staff Writer The Australian Government along with the state of New South Wales have signed 16 disaster declarations after heavy rains and flooding forced 18,000 residents to evacuate the region. Some affected areas have […]
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