Mischelle Parsnik’s Post

In recent years, we have experienced dramatic extremes weather wise in the UK. Storms are becoming more regular and more destructive, followed by soaring temperatures and droughts in summer. Despite the opposing weather conditions, one thing remained a constant throughout the year: the risk of flooding. We take a look at flood planning and preparation for your home. https://lnkd.in/eVzuifes #flooding #insurance #towergate

Flood Planning and Preparation for Your Home Recent years, we have experienced dramatic extremes weather wise in the UK. Storms are becoming more regular and more destructive. Large parts of England and Northern Ireland currently have amber or red warnings in place until tomorrow, so we are taking a look at what preventative measures can you put in place to mitigate damage caused by flooding. #Floods #Weather #WeatherWarning #HouseFloods #Insurance #HomeInsurance #TowergateInsurance https://lnkd.in/etJ_8Fsv

🌊 Flood Risk and Home Values: What You Need to Know 🏡 Tempted by a riverside home with a lower price tag? New research reveals that properties in flood zones in #NSW can be up to 10% cheaper- but the long-term costs, like hefty insurance premiums, can far outweigh the initial savings. Flood risk is real and rising. With events like the devastating #floods in #Lismore, NSW, it’s more important than ever to make informed property decisions. That’s where the Groundsure ClimateIndex™ report comes in. 🔍 Why Groundsure ClimateIndex? Our report provides clear, detailed insights into climate risks, including flood zones and their probabilities. These insights can help you understand: ✅ The true cost of flood zone properties ✅ Long-term risks to your investment ✅ Insurance implications Don’t let hidden risks catch you off guard. With the ClimateIndex™, you can plan smarter and invest with confidence, knowing your future home is safeguarded from environmental surprises. Available now via InfoTrack AU. https://hubs.la/Q03090rL0

Blair Feltmate spoke to The Globe and Mail in this op-ed and emphasizes the urgent need for Canadian homeowners to protect their homes from flooding. With 1.5 million Canadians now ineligible for flood insurance, proactive measures are critical. "This need was on display with Toronto’s mid-July storm that flooded thousands of homes and displaced many of the 500,000 people in the Greater Toronto Area who rent basement apartments. Fueling the need for better preparedness, driven by climate change, future storms will be more severe." #FloodPreparedness #ClimateAdaptation Read the article: https://lnkd.in/gZhYuKfz

Escalating flood risks in the Eastern and Southern US affecting nearly 25% of the nation's population and GDP. Contributing factors include hurricanes, sea-level rise, and extreme rainfall, with inland areas now experiencing more frequent flooding. Underinsurance remains a significant concern, as less than 5% of residential properties nationwide have flood coverage, leaving local economies vulnerable. Ageing infrastructure and development in flood-prone zones further exacerbate the situation. There is a need for substantial investments in expanded insurance mandates, enhanced building codes, and increased federal or state aid to bolster resilience. https://lnkd.in/dMPfM7K8 Hydroinformatics Institute

Flood zones are being updated around Australia, & homeowners who once thought they were safe from river flooding aren't, & find themselves in an unwinnable double bind. As extreme rain events continue to break previous records, this will become a rinse & repeat tragedy, yet Australian governments & corporations are not recognising we are heading into a wartime-like #ClimateEmergency with no end in sight, & fiddling while the Planet burns. Far from the first home owners to become uninsurable in Australia, this is the first big group of 900 capital city dwellers ("people like us" as Australia was the already the most urbanised western nation by 1900); to find their house values tumbling, & insurance rates rocketing, with no limits on either. Also facing the likelihood that no one will be able to get a bank mortgage, to buy their homes either. As severe rain events & storms continue to get worse for the foreseeable future, these 900+ could find themselves like the people of Lismore. Living in unliveable houses, with no $ to move, & all or most of their household contents destroyed. We need to start thinking about how & where we establish long-term climate refugee camps and how to turn camps of traumatised survivors into villages of resilient communities. Australia has 10-11 million households. Within a relatively short period of time, up to 3 million households will be facing similar economic & environmental threats to their liveability. NB that's only to riverine floods. Add in coastal retreat, as sea levels rise, & extreme (event) sea levels rise even further... That's already happening in the single double digits per severe storm, but will also rise to the hundreds, thousands, & tens of thousands. Are you ready for such a massive dislocation to business as usual? Think the housing crisis bad now ? What about all the flow-on effects ? --- "Nine hundred property owners in one inner-city Melbourne suburb have just been told they live in a flood zone -- news that is expected to have big implications for property prices and insurance premiums. According to a new report from Climate Valuation, by 2030, over three million homes across Australia will have exposure to some level of riverine flood. Rhiana Whitson reports with Lucy Kent. https://lnkd.in/gWqtmHsg

Flooding remains the leading natural disaster in the U.S. when it comes to financial losses. Here are 9️⃣ common myths about flooding that every business owner should be aware of. #propertyandcasualty #flooding #FloodInsurance

Did you know flooding is the top U.S. natural disaster by losses? Here are 9️⃣ misconceptions about floods that business owners need to know. #flooding #FloodInsurance #propertyandcasualty

Did you know flooding is the top U.S. natural disaster by losses? Here are 9️⃣ misconceptions about floods that business owners need to know. #flooding #FloodInsurance #propertyandcasualty

What have we learned and how will we move forward.