Scott Olson. Photo: Getty Images

Despite an onslaught of extreme weather events that have barraged American homes in recent months and years, the New York Times reports that the number of Americans with flood insurance has dropped during the last decade.

Why it matters: As climate change will only increase the likelihood of floods, insurance rates are expected to surge. Beyond floods, in California, officials have tried to curtail rate bumps in regions at risk of wildfire, and also tried to discourage insurance providers from dropping policyholders.

Details: Nationally, only 1/3 of homes in the floodplain have corresponding insurance, per NYT, and no more than 15% of those in Central states plagued by recent flooding are insured. The bulk of standard home insurance policies don't include flood coverage.

“Low-income folks without a flood policy will likely be forced just to walk away from the damaged home.”
— Paul Osman, Illinois' chief of state floodplain programs, told the NYT

By the numbers: Rates can fluctuate geographically, but within the floodplain specifically, the Times reports that average annual premiums in 2015 came to nearly $1,100, with costs going up from there for those at the highest risk, per FEMA data released last year.

The backdrop: Trump's administration pursued a 2-year campaign in an attempt to double the number of Americans with flood-specific coverage. The U.S. government has offered subsidized flood coverage for nearly 50 years through its National Flood Insurance Program, which provides close to 95% of all residential flood policies nationally, per NYT.

  • However, within the last 10 years, Congress allowed FEMA to hike rates to more closely mirror the risk associated with flooding events.

Go deeper:

Go deeper

Ohio Gov. Mike DeWine tests positive for coronavirus ahead of Trump visit

Photo: Justin Merriman/Getty Images

Ohio Gov. Mike DeWine (R) has tested positive for COVID-19 and plans to quarantine at his home for the next 14 days, his office announced Thursday. He currently has no symptoms.

Why it matters: The 73-year-old DeWine was set to meet President Trump Thursday on the tarmac at an airport in Cleveland and was tested as part of standard protocol. He is the second governor known to have contracted the coronavirus, after Oklahoma Gov. Kevin Stitt (R).

Updated 9 mins ago - Politics & Policy

Coronavirus dashboard

Illustration: Eniola Odetunde/Axios

  1. Global: Total confirmed cases as of 12:30 p.m. ET: 18,860,908 — Total deaths: 708,676— Total recoveries — 11,394,821Map.
  2. U.S.: Total confirmed cases as of 12:30 p.m. ET: 4,834,546 — Total deaths: 158,445 — Total recoveries: 1,577,851 — Total tests: 58,920,975Map.
  3. Politics: Pelosi rips GOP: "Perhaps you mistook them for somebody who gives a damn" — Ohio Gov. Mike DeWine tests positive.
  4. Public health: Fauci says task force will examine aerosolized spread.
  5. Business: July's jobs report could be an inflection point for the recovery — Teladoc and Livongo merge into virtual care giant.
  6. Sports: Where college football's biggest conferences stand on playing.
46 mins ago - Science

NOAA warns of potential for "extremely active" Atlantic hurricane season

Hurricane Isaias makes landfall in Garden City, South Carolina. (Photo by Sean Rayford/Getty Images)

National Oceanic and Atmospheric Administration forecasters warned Thursday of the potential for an "extremely active" hurricane season in the Atlantic.

The big picture: The agency expects 19 to 25 named storms — with three to six major hurricanes — during the six-month hurricane season, which ends Nov. 30. The average season produces only 12 named storms.