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Due to climate change, natural disasters have become more intense, leading to more damage when storms occur. With more flooding and more opportunities for
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States in the eastern part of the United States, which are more likely to face these storms, are seeing a decline in properties with flood insurance policies between 2023 and 2024. On this list, Pennsylvania saw a 3.94% drop in properties with
Read more about the states with flood insurance problems.
Source:
State | Percentage of properties with flood insurance | Number of policies 2024 | Number of policies 2023 | YoY percentage change in coverage |
Florida | 12.00% | 1,089,386 | 1,076,596 | 1.19% |
Georgia | 1.56% | 65,571 | 68,093 | -3.70% |
South Carolina | 6.45% | 138,124 | 142,505 | -3.07% |
North Carolina | 2.64% | 115,035 | 118,018 | -2.53% |
Pennsylvania | 0.74% | 40,755 | 42,426 | -3.94% |
New York | 1.65% | 134,127 | 135,856 | -1.27% |
New Jersey | 3.78% | 138,730 | 141,792 | -2.16% |
Connecticut | 1.61% | 24,073 | 24,343 | -1.11% |