Feds' maps unreliable in predicting flood risk. Disclosing a building's history might be better - Insurance News | InsuranceNewsNet

InsuranceNewsNet — Your Industry. One Source.™

Sign in
  • Subscribe
  • About
  • Advertise
  • Contact
Home Now reading Property and Casualty News
Topics
    • Advisor News
    • Annuity Index
    • Annuity News
    • Companies
    • Earnings
    • Fiduciary
    • From the Field: Expert Insights
    • Health/Employee Benefits
    • Insurance & Financial Fraud
    • INN Magazine
    • Insiders Only
    • Life Insurance News
    • Newswires
    • Property and Casualty
    • Regulation News
    • Sponsored Articles
    • Washington Wire
    • Videos
    • ———
    • About
    • Meet our Editorial Staff
    • Advertise
    • Contact
    • Newsletters
  • Exclusives
  • NewsWires
  • Magazine
  • Newsletters
Sign in or register to be an INNsider.
  • AdvisorNews
  • Annuity News
  • Companies
  • Earnings
  • Fiduciary
  • Health/Employee Benefits
  • Insurance & Financial Fraud
  • INN Exclusives
  • INN Magazine
  • Insurtech
  • Life Insurance News
  • Newswires
  • Property and Casualty
  • Regulation News
  • Sponsored Articles
  • Video
  • Washington Wire
  • Life Insurance
  • Annuities
  • Advisor
  • Health/Benefits
  • Property & Casualty
  • Insurtech
  • About
  • Advertise
  • Contact
  • Editorial Staff

Get Social

  • Facebook
  • X
  • LinkedIn
Newswires
Property and Casualty News RSS Get our newsletter
Order Prints
May 5, 2023 Property and Casualty News
Share
Share
Post
Email

Feds' maps unreliable in predicting flood risk. Disclosing a building's history might be better

WBUR.org (Boston, MA)

The Metropolitan Area Planning Council is calling for the state to require flood history disclosure for potential homebuyers and renters, after the council's analysis of stormwater flooding in 2010 showed existing tools to predict flooding were unreliable.

The MAPC report, released Wednesday, showed greater Boston is susceptible to unpredictable stormwater flooding. The council examined Federal Emergency Management Agency (FEMA) and the Massachusetts Emergency Management Agency disaster claims records from a March 2010 rain events, which dropped 1.5 feet of water on eastern Massachusetts over 19 days.

The flooding caused by the 2010 storms was widespread and eventually cost $59 million in disaster assistance to Massachusetts residents. The average amount awarded per claim was $1,762, with a maximum award of $29,900. But, FEMA flood maps — the primary source of flood risk information for homebuyers — were poorly predictive of where the stormwater flooding was most likely to occur, the report says.

The large majority, 96%, of the claims from the storms came from areas outside of the FEMA Special Flood Hazard Areas.

"The vast majority of the 19,395 approved and unique disaster assistance and flood insurance claims we analyzed were outside the SFHA," said Rachel Bowers, regional planning data analyst at MAPC. "As a result, most residents were unaware of their risk and damages were much greater than they otherwise might have been."

The council says this data is especially relevant as the number of rainfall events is on the rise. The number of intense two-day storms has increased by 74% from 1901 to 2016, the report says, and the heaviest rain events of the year now drop 55% more precipitation than the rainiest days of the midcentury.

"Potential home and business owners look to FEMA flood maps as a primary source of flood risk information. Our analysis raises significant concerns about the region's current understanding of and ability to prepare for stormwater flooding of any magnitude," Bowers said.

Massachusetts is one of 15 states that has no flood disclosure requirements for potential homebuyers.

In addition to requiring flood history disclosure, MAPC also recommends that the state provide more funding for stormwater management to repair aging infrastructure and add new infrastructure. The council also says the Massachusetts Emergency Management Agency should apply for funds through the federal Storm Act, which provides funding for hazard mitigation revolving loan funds.

Older

‘Cancer lottery’ meant this Kansas woman qualified for Medicaid but her mother didn’t

Newer

Federal officials unveil flood plan for Mississippi Delta

Advisor News

  • How student loan debt impacts 401(k) balances
  • The ‘sandwich generation’ faces compounded barriers to retirement savings
  • Benefit Costs Squeeze Schools, Driving Cuts, Tax Hikes And Difficult Tradeoffs
  • Why client insurance needs could change even if their life doesn’t
  • Most Gen Z investors think less than a year ahead when making financial decisions
More Advisor News

Annuity News

  • Oklahoma Insurance Dept. helps Oklahomans recover unclaimed life insurance benefits
  • Bitcoin gains ground in retirement market with Equitable annuity option
  • Best’s Special Report: First-Half 2026 Net Income in U.S. Life/Annuity Insurance Industry Dips Slightly
  • The next phase of life insurance investing
  • Ty J. Young Wealth Management Acquires Senior Insurance Services, Expanding Its Growing Annuity Firm: Ty J. Young Wealth Management
More Annuity News

Health/Employee Benefits News

  • PA Health Insurance Rates Poised To Rise Again As Regulators Claim Limited Power For Increases
  • New Economics Study Findings Have Been Reported by Researchers at Massachusetts Institute of Technology (How You Pay Drives What You Choose: Mental Accounting In Health Insurance Plan Choice): Economics
  • Nearly 1 in 5 Medicaid-eligible adults in expansion states are at risk of losing health coverage due to insufficient or inconsistent work hours: Boston University School of Public Health
  • How Lahn and Sand see future for Medicaid
  • NEW CENSUS DATA UNDERSCORE IMPORTANCE OF FOOD ASSISTANCE AND HEALTH COVERAGE ACCESS
Sponsor
More Health/Employee Benefits News

Life Insurance News

  • Oklahoma Insurance Dept. helps Oklahomans recover unclaimed life insurance benefits
  • DE-RESERVIFICATION, NOT DE-DOLLARIZATION
  • Better Business Bureau scam alert: Beware of life insurance impostors targeting older adults
  • Enterprise Life Marks 25 Years With Pledge to Drive Innovation
  • The next phase of life insurance investing
Sponsor
More Life Insurance News

NEWS INSIDE

  • Companies
  • Earnings
  • Economic News
  • INN Magazine
  • Insurtech News
  • Newswires Feed
  • Regulation News
  • Washington Wire
  • Videos

FEATURED OFFERS

Press Releases

  • Classic Car Insurer OpenRoad Insurance Expands to 40 U.S. States in Two Years
  • How Aspire General Turned an Early Technology Bet Into Claims Automation at Scale with Kyber
  • Adjusto launches AI-Native contents claims services powered by its technology platform
  • URL Insurance Group Celebrates 40 Years of Service, Growth, and Industry Leadership
  • MassMutual Ascend Surpasses $2 Billion in Lifetime Advisory Annuity Sales, Reflecting Continued Momentum in RIA Channel
More Press Releases > Add Your Press Release >

How to Write For InsuranceNewsNet

Find out how you can submit content for publishing on our website.
View Guidelines

Topics

  • Advisor News
  • Annuity Index
  • Annuity News
  • Companies
  • Earnings
  • Fiduciary
  • From the Field: Expert Insights
  • Health/Employee Benefits
  • Insurance & Financial Fraud
  • INN Magazine
  • Insiders Only
  • Life Insurance News
  • Newswires
  • Property and Casualty
  • Regulation News
  • Sponsored Articles
  • Washington Wire
  • Videos
  • ———
  • About
  • Meet our Editorial Staff
  • Advertise
  • Contact
  • Newsletters

Top Sections

  • AdvisorNews
  • Annuity News
  • Health/Employee Benefits News
  • InsuranceNewsNet Magazine
  • Life Insurance News
  • Property and Casualty News
  • Washington Wire

Our Company

  • About
  • Advertise
  • Contact
  • Meet our Editorial Staff
  • Magazine Subscription
  • Write for INN

Sign up for our FREE e-Newsletter!

Get breaking news, exclusive stories, and money- making insights straight into your inbox.

select Newsletter Options
Facebook Linkedin Twitter
© 2026 InsuranceNewsNet.com, Inc. All rights reserved.
  • Terms & Conditions
  • Privacy Policy
  • InsuranceNewsNet Magazine

Sign in with your Insider Pro Account

Not registered? Become an Insider Pro.