FEMA is updating its flood maps to expand areas deemed at risk of damage — and that’s striking fear in communities that could be deluged with higher insurance bills.
Residents of Germany, Austria, the Czech Republic and beyond are still wading through high waters today. Severe flooding has led to the deaths of at least 24 people.
Insurers want to repair flooded cars rather than declare them a total loss. But water damage can show up later — and flooding claims will show up on services like Carfax, taking down what a vehicle can get on the used-car market.
Climate Central combed federal weather and disaster data and found that in the next 20 years, hundreds of coastal oil and gas refineries could end up underwater.