The flooding of rivers and coastlines is the most frequent and damaging of all natural hazards. Between 1980 and 2016, total direct damages exceeded $1.6 trillion, and at least 225,000 people lost their lives. Recent events causing major economic losses include the 2011 river flooding in Thailand ($40 billion) and the 2013 coastal floods in the United States caused by Hurricane Sandy (over $50 billion). Flooding also triggers great humanitarian challenges. The 2015 Malawi floods were the worst in the country’s history and were followed by food shortage across large parts of the country. Flood losses are increasing rapidly in some world regions, driven by economic development in floodplains and increases in the frequency of extreme precipita...