Mother Jones and Climate Desk apparently pushed hard to get it, but these news organizations recently obtained and reported on a 257-page study, prepared by the consulting firm AECOM for the Federal Emergency Management Agency, which predicts rising seas and increasingly severe weather will increase U.S. flood zones by up to 45 percent by the year 2100.
“That shift will hammer the flood insurance program,” Mother Jones reported. “Premiums paid into the program totaled $3.2 billion in 2009, but that figure could grow to $5.4 billion by 2040 and up to $11.2 billion by the year 2100, the report found.”
Premiums for federally subsidized flood insurance would need increase by as much as 70 percent to offset projected losses, according to Mother Jones’ story on the report. Read the full story in Mother Jones.