If a certain amount of rain falls, the nonprofit will get a payout that it could use to quickly give cash grants to affected residents.

As Hurricane Francine made landfall, 14 million people were under flood watches. But only 6% of American homeowners are insured against flooding.

A growing number of states, including New York and New Jersey, are passing flood disclosure laws. But many still don’t have them.

The economic damage from Hurricane Ian could exceed $100 billion.

Did wind or water cause the damage to their homes? That’s up to the insurance adjuster.

Nationwide, only 4 in 100 homes are covered, a FEMA official says. Without it, victims are pretty much on their own.

Short answer: Flooding cost insurance companies too much money, so the federal government stepped in.

It’s bad news for federal officials who are trying to convince more homeowners that they need flood protection.

The state requires disclosure of flood risk information to buyers, but not to people who rent their homes. For now.

Those in areas prone to flooding are weighing whether it’s better to stay in a home, or take a government buyout.