Florida town dealing with sea level rise
“Our risk is undeniable. The modelers get it. The mortgage institutions get it. Insurance gets it.”
https://www.tampabay.com/news/environment/2019/12/27/a-south-florida-towns-pioneering-plan-to-fund-retreat-from-sea-rise/
sea level rise and storm surge
“every 10cm of sea level rise increases the frequency of a given coastal flood by a factor of three.”
“This means that 10cm of sea level rise will turn a one-in-100-year coastal flood into a one-in-33-year event. With another 10cm of sea level rise, it becomes a one-in-11-year event, and so on.”
“A 10cm rise in sea levels might translate to 30 or 40 metres of inland movement of the high tide line”
“Another 30cm of sea level rise is already â??baked inâ??, guaranteed over the next 40 years, regardless of what happens with greenhouse gas emissions and action on climate change. By the end of the century, at least another 20cm on top of that is virtually certain.”
“The 30cm rise multiplies the chances of coastal flooding by a factor of around 27 (3x3x3) and 50cm by the end of the century increases coastal flooding frequency by a factor of around 250. That would make the one-in-100-year coastal flood likely every few months”
In reality we may see 200 cm sea level rise by 2100, and 100 cm by 2050
Panama Canal hit by climate change
” recurrent droughts caused by climate change are the main threat to the 80 kilometer-long canal ”
“A historic deficit of rainfall has lowered the water level in the lakes which supply the Canal and the “challenge is now to find the solution to this lack of water for the next 50 years,” he explained. ”
“the temperature of Gatun Lake, the main tributary of the Canal, has increased by 1.5 degrees Celsius over the past ten years, which causes significant loss of water by evaporation.”
“Panama is studying the possibility of finding other freshwater resources for the Canal, such as pumping or desalinating seawater, or even building reservoirs.”
https://phys.org/news/2019-12-panama-years-canal-climate-threat.html
- Homeowners insurance does NOT cover flooding
- Flood insurance is obtained through the government’s flood insurance program
- Flood insurance does not cover the basement of a house
- Flood insurance covers a lifetime maximum of $250,000 in coverage
This means if you make a claim for $150,000 the maximum coverage for the life of the property drops to $100,000.