Flood facts
According to FEMA, flooding is the most common natural disaster in the United States. Between 1996 and 2019, 99% of US counties were impacted by a flooding event.
1.5 minutes read
Published 06/03/2024
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Definition
Heavy rains
Storm surge coming on shore
Snow melting quickly
Dams or levees break
Atmospheric rivers
Drivers of flood losses
1
Increasing frequency and severity of extreme rain events
2
Population and economic growth in disaster-prone areas
3
Rising sea levels
4
Aging infrastructure, such as dams and levees
$16.9 bn
in structural damage and 4 million lost days of operation for businesses by 2052¹
22%
of homeowners surveyed perceived they are at risk for flood, yet anywhere it rains it can flood.
Ten ways businessowners and homeowners can reduce flood damage
1. Materials
2. Barriers
3. Grading
4. Electrical
5. Fuel tanks
6. Foundation
7. Sump pump
8. Sewers
9. Gutters
10. Furniture
Munich Re US flood solutions
FloodscapeTM
A tool based on Munich Re's hydrological expertise that allows the visualization and quantification of flood risk based on riverflow upstream and downstream correlations through 40,000+ unique national flood scenarios.
Inland Flood endorsement
Our turnkey Inland Flood endorsements offer affordable flood insurance that can easily be added onto existing personal lines policies in low-to-moderate risk areas.
Source:
1Smith, Zachary Snowdon. 2021. Floods will cost US businesses $49 billion next year, study says. Forbes. December 12. Retrieved from: https://www.forbes.com/sites/zacharysmith/2021/12/16/floods-will-cost-us-businesses-49-billion-next-year-study-says/
3
Munich Re US flood experts
Serena Garrahan (Flood)
Inland Flood Product Manager
Jay Rosario
Head of Digital Solutions
Raghuveer Vinukollu (Resilience/Mitigation)
Head of Climate Insights & Advisory
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