Wednesday, September 13

Historical Flood Risk and Costs

I am sure 2017 will put Florida and Jacksonville back on top when it comes to flood risk and cost, but I thought it was interesting to see the historical data. Here's the top 30 as of 2016 with the total number of claims closed with FEMA payment and the total amount.

While I am not sure if it means there are simply more people with flood insurance in Texas and Louisiana or that storms hit there more often or what. But based on total coastline, Florida is a bargain for taxpayers in comparison. By the way, according to the Congressional Research Service, Alaska is #1 in coastline, Florida 2, California 3, Hawaii 4, Louisiana 5, and Texas 6.

I'm pretty sure none of this will matter next year when our nation's flood insurance program will go bankrupt. I'm not sure where we go from here if that does happen, but for now, it's good that Florida has some insurance if needed. 

Louisiana 2005 141433 12521854037.15
New York 2012 52838 3751594743.22
New Jersey 2012 65918 3659439359.29
Louisiana 2016 28857 2252522144.83
Mississippi 2005 17068 2251775083.25
Texas 2008 34066 1964114221.25
Florida 2004 20828 1147380940.58
Texas 2001 24535 911661550.13
Texas 2016 10858 608347840.61
Florida 2005 18735 535279953.5
Texas 2015 9535 512933874.75
Louisiana 2012 10094 488536433.83
New Jersey 2011 17594 484196244.98
New York 2011 16156 419473992.21
Louisiana 2008 11113 346363763.33
Alabama 2004 5842 317080884.24
Pennsylvania 2011 7910 244436112.64
Texas 1998 9618 240796141.07
Alabama 2005 5209 237370361.75
Connecticut 2012 5403 228563169.84
Virginia 2003 9748 202803904.6
North Carolina 1999 11045 190292199.9
Texas 2002 7109 165426226.11
North Carolina 1996 8852 164141376.4
Tennessee 2010 3784 161397576.35
Texas 2009 5434 158330076.47
Florida 2016 4191 157621768.29
Maryland 2003 5132 143509105.85
North Carolina 2011 7079 137096217.71
Pennsylvania 2004 7643 134220332.45

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