Flood Event Extraction from News Media to Support Satellite-Based Flood Insurance

Floods cause large losses to property, life, and livelihoods across the world every year, hindering sustainable development. Safety nets to help absorb financial shocks in disasters, such as insurance, are often unavailable in regions of the world most vulnerable to floods, like Bangladesh. Index-based insurance has emerged as an affordable solution, which considers weather data or information from satellites to create a "flood index" that should correlate with the damage insured. However, existing flood event databases are often incomplete, and satellite sensors are not reliable under extreme weather conditions (e.g., because of clouds), which limits the spatial and temporal resolution of current approaches for index-based insurance. In this work, we explore a novel approach for supporting satellite-based flood index insurance by extracting high-resolution spatio-temporal information from news media. First, we publish a dataset consisting of 40,000 news articles covering flood events in Bangladesh by 10 prominent news sources, and inundated area estimates for each division in Bangladesh collected from a satellite radar sensor. Second, we show that keyword-based models are not adequate for this novel application, while context-based classifiers cover complex and implicit flood related patterns. Third, we show that time series extracted from news media have substantial correlation Spearman's rho$=0.70 with satellite estimates of inundated area. Our work demonstrates that news media is a promising source for improving the temporal resolution and expanding the spatial coverage of the available flood damage data.

Inferring the past: a combined CNN-LSTM deep learning framework to fuse satellites for historical inundation mapping

Mapping floods using satellite data is crucial for managing and mitigating flood risks. Satellite imagery enables rapid and accurate analysis of large areas, providing critical information for emergency response and disaster management. Historical flood data derived from satellite imagery can inform long-term planning, risk management strategies, and insurance-related decisions. The Sentinel-1 satellite is effective for flood detection, but for longer time series, other satellites such as MODIS can be used in combination with deep learning models to accurately identify and map past flood events. We here develop a combined CNN--LSTM deep learning framework to fuse Sentinel-1 derived fractional flooded area with MODIS data in order to infer historical floods over Bangladesh. The results show how our framework outperforms a CNN-only approach and takes advantage of not only space, but also time in order to predict the fractional inundated area. The model is applied to historical MODIS data to infer the past 20 years of inundation extents over Bangladesh and compared to a thresholding algorithm and a physical model. Our fusion model outperforms both models in consistency and capacity to predict peak inundation extents.