Frog Systems LLC

Exclusive: Coastal flooding has surged in U.S., Reuters finds
By Ryan McNeill and Deborah J. Nelson
Thu Jul 10, 2014

(Reuters) - Coastal flooding along the densely populated Eastern Seaboard of the United States has surged in recent years, a Reuters analysis has found.

During the past four decades, the number of days a year that tidal waters reached or exceeded National Oceanic and Atmospheric Administration flood thresholds more than tripled in many places, the analysis found.

Since 2001, water has reached flood levels an average of 20 days or more a year in Annapolis, Maryland; Wilmington, North Carolina; Washington, D.C.; Atlantic City, New Jersey; Sandy Hook, New Jersey; and Charleston, South Carolina. Before 1971, none of those locations averaged more than five days a year….

NFIP Statistics

•Floods are the #1 natural disaster in the United States.

•From 2008 to 2012, the average flood claim amounted to nearly $42,000.

•From 2003 to 2012, total flood insurance claims averaged nearly $4 billion per year.

• Even though flood insurance isn't federally required, anyone can be financially vulnerable to floods. In fact, people outside of mapped high-risk flood areas file nearly 25% of all National Flood Insurance Program flood insurance claims and receive one-third of Federal Disaster Assistance for flooding.

•The NFIP paid more than $7.7 billion in flood insurance claims to all policyholders in 2012.

2012 Claims Paid - New Jersey - $3,256,146,065