Market Conditions
Climate: Flooding Is Getting Worse, and Many Homeowners Aren’t Prepared
Feb. 13, 2015
There has been an estimated $260 billion in flood-related damages between 1980 and 2013 in the U.S., CityLab reports.
Moreover, new research released in the journal Nature Climate Change says that there is more to come. But many homeowners are unprepared, especially in the Midwest.
“Over the next several months we’ll be working on moeling the economic damages with these flood events,” Gabriele Villarini, a hydrologist and engineer at the University of Iowa, told CityLab. “How do we move forward in a world when we have to make decisions today, for structures and projects designed for the next 50 years?
Read more on what communities and homeowners face in the Midwest at CityLab.
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