Intensifying rainfall fueled by climate change has caused nearly $75 billion in flood damage in the U.S. in the past three decades, Stanford University researchers confirmed in a new study Monday.
The findings, published in the journal Proceedings of the National Academy of Sciences, shed light on the ongoing debate on how climate change has impacted growing costs of flooding and the heightened risk homeowners, builders, banks and insurers face as global temperatures continue to rise. Continue reading.
