The report attributes the heightened risks to a combination of hurricanes, sea-level rise, and extreme rainfall. Inland areas, previously considered less vulnerable, are experiencing more frequent and severe flooding. For example, the annual average of flood events in Galveston, Texas, quadrupled between 1990-2009 and 2010-2023.
Rising flood risks challenge US economies—Moody’s
- Niki Wilson
Recent Company News
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Recent Blog Posts
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