A new nationwide risk assessment reveals that homeowners in low‑lying coastal counties, major river floodplains and the expanding wildfire belt are poised to shoulder the bulk of future property damage from extreme weather. Federal agencies and lenders are scrambling to adjust insurance, zoning and building‑code policies before losses eclipse $1 trillion by mid‑century.
A new nationwide risk assessment reveals that homeowners in low‑lying coastal counties, major river floodplains and the expanding wildfire belt are poised to shoulder the bulk of future property damage from extreme weather. Federal agencies and lenders are scrambling to adjust insurance, zoning and building‑code policies before losses eclipse $1 trillion by mid‑century.
Source: Reported by CBS News · Analyzed & Synthesized by DNB Newsroom
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