Natural hazards · Panama

Panama, NY natural hazards

Most of the natural-hazard damage FEMA expects in Panama comes from inland flooding, and overall the risk is moderate for a U.S. community. Flood insurance has paid 1 claim here since 1986.

FEMA National Risk Index, December 2025 · OpenFEMA claims, aid & declarations

Expected damage

How exposed is Panama?

Moderate

vs. U.S. communities

FEMA expects yearly storm and flood damage to homes and buildings in Panama to be higher than in 49% of U.S. communities, mostly from inland flooding.

Inland flooding77%Tornadoes9%Everything else14%

By hazard

What Panama faces

Each hazard’s share of the damage FEMA expects here, and how that compares with the rest of the country.

Inland flooding

77% of expected damage

Well above average · higher than 76% of U.S. places

Recorded about 3 times a year in the area

Tornadoes

9% of expected damage

Below average · higher than 41% of U.S. places

Recorded about once every 70 years in the area

Lower here

HurricanesHailIce stormsWinter weatherCold wavesHeat wavesWildfireEarthquakesLandslidesStrong windLightning

Not a risk here

Coastal floodingDroughtAvalanchesTsunamisVolcanic activity

Flood risk changes street by street. Check a specific address on FEMA’s flood map, and ask about flood insurance before you buy.

Flood insurance claims

Does Panama flood?

Every paid claim on a federal flood insurance policy in Panama, from FEMA’s records.

1paid claims since 1986

$4Kpaid to owners

0homes flooded more than once

19862026

of all homes
are insured

No community discount. Panama isn’t in FEMA’s Community Rating System, which cuts flood insurance up to 45% in towns that do extra flood-proofing.

Insurance rates: Chautauqua County.

Disasters that hit Panama

Federal disasters declared here

None of the disasters declared for Chautauqua County shows FEMA aid or repair money reaching Panama itself in FEMA’s records.

Brought FEMA money into PanamaDeclared for Chautauqua County only

Chautauqua County has had 18 natural disasters declared since 1953, most often winter storms and severe storms.

Around Panama

Panama and the towns around it

Very lowLowModerateHighVery high

North Harmonymostly inland floodingHigh

Panamamostly inland floodingModerate

Harmonymostly inland floodingModerate

About these numbers

How to read this page

An average, not a forecastFEMA’s National Risk Index estimates the damage 18 kinds of natural hazards cause in a typical year, from decades of records and models. A quiet decade can follow a bad year.

Compared by rate“Higher than N%” compares yearly damage as a share of what’s here, so a big city isn’t rated riskier just for having more buildings. Panama covers 1 census tract, combined by population.

Money that reached townFlood claims are matched to Panama’s own flood-insurance community; household aid to the registrant’s city; repair grants to the Village of Panama. FEMA’s model follows property values, so a place that recently lost many homes can rate lower than it feels.

FEMA’s expected losses across Panama total about $553K a year, counting buildings, people and crops.

Sources: FEMA National Risk Index (December 2025); OpenFEMA: NFIP redacted claims, multiple-loss properties, community status book and residential penetration rates, housing assistance (owners and renters), public assistance funded projects, hazard mitigation properties and disaster declarations. Census tracts: U.S. Census Bureau.