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Flood-prone homeowners could see major rate hikes in FEMA flood insurance changes, new study finds
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Flood-prone homeowners could see major rate hikes in FEMA flood insurance changes, new study finds
msn.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from msn.com Daily Mail and Mail on Sunday newspapers.
Flood-prone homeowners could see major rate hikes in FEMA flood insurance changes, new study finds
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February 23, 2021, 1:31 PM·16 min read
With a major overhaul of the nation’s flood insurance program just months away, new data released Monday by the First Street Foundation suggests hundreds of thousands of homeowners in the riskiest locations across America could face massive rate hikes starting in October.
The Brooklyn, New York-based research group estimates the average rate needs to more than quadruple on the nation’s most flood-prone homes under the ongoing effort to make the federal flood insurance program solvent and ensure homeowners most at risk are paying their fair share.
Climate justice is an important framework to address the disproportionate risks of sea-level rise, flooding and pollution to ensure a just and healthy society.
Since the contribution to climate change by the afflicted communities is relatively low, their suffering raises ethical and moral considerations.
Incorporating justice question in the climate crisis will help create a better future for generations to come and equip the society better to handle environmental risks including pandemics and climate change, write the authors of this commentary.
This post is a commentary. The views expressed are those of the author, not necessarily Mongabay.
Responses to global emergencies like climate change and pandemics must have justice at their core because the poor and powerless suffer more than the privileged and entitled. The responses towards the COVID-19 pandemic help us rethink the old normal, imagine the new normal and address possibilities and scenarios from a vulnerability and just
Record flooding, droughts and a sweeping inland hurricane have decimated farm fields, small businesses and the livelihoods of countless Iowans over the last decade plus. And if we do not act to curb greenhouse gas emissions, it could cost the Quad-Cities millions more annually in economic damages by 2100. Thatâs according to estimates and predictions compiled by state and regional climate science experts based on national and local climate data. Climate change is already here, and itâs affecting people, plants, animals and large sectors of our economy, Jerry Schnoor, co-director of the Center for Global and Regional Environmental Research at the University of Iowa said in a 2018 climate statement signed by 201 science faculty and researches from 37 Iowa colleges and universities. It described the need to fortify buildings and public infrastructure from a hotter and wetter future.
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