3. Communities of color bear disproportionate flood risk
A national study out earlier this year from the nonprofit First Street Foundation supports what experts have long believed: The National Flood Insurance Program undercharges for flood insurance in certain areas, making it cheaper and easier for people to live in dangerous places if they’re willing to take the risk.
The big picture: The group found 4.2 million properties across the country face major flood risk and pay too little in flood insurance; a quarter of those were in Florida. And the data show the risk is racially lopsided.