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New study finds rising costs of flood damage to SC homes

New study finds rising costs of flood damage to SC homes VIDEO: New study finds rising costs of flood damage to SC homes By Paola Tristan Arruda | February 24, 2021 at 9:51 PM EST - Updated February 24 at 11:24 PM CHARLESTON, S.C. (WCSC) - Rising sea levels and weather events could cause $20 billion of flood damage to homes across the United States this year, according to new data from the nonprofit group First Street Foundation. The report titled “The Cost of Climate America’s Growing Flood Risk” analyzes the economic impact of “underestimated” flood risk to residential properties within the country. The new research also maps out the areas that present the highest risks and how much the flooding costs will increase 30 years into the future.

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