The St. Lucie News Tribune reports: Florida insurance regulators are taking an “unprecedented” and “extraordinary” step to try and prevent tens of thousands of homeowners from being forced to look for new property insurance coverage if rating agency Demotech follows through on plans to downgrade many Florida carriers. The Florida Office of Insurance Regulation announced […]
Tag Archives: real estate
Florida Insurance Regulators Taking an “unprecedented” and “extraordinary” Step
Posted in Environment, Global Warming, Government, Science
Also tagged climate change, extreme weather events, flood insurance, flooding, rising sea level
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2022 Climate Refugees in the USA
Climate change will eventually cause most American’s real estate to become worthless and uninhabitable. “Currently, we have crossed the tipping point when human induced climate change triggers a chain reaction of feedback loops. The Earth will exceed 1.5 degrees Celsius (average global surface temperature over the surface of the earth for ten years) by the […]
Posted in Business, Environment, Global Warming, weather
Also tagged climate change, climate refugees, extreme weather events
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Cost of Property Insurance in Florida
Florida Politics reports in their article, As climate in Florida sets ‘new normal,’ cost of property insurance will separate haves, have-nots: “Insurers believe that due to climate change, this is the new normal. They’re finding that catastrophic and non-catastrophic weather events are increasing in severity every year,” said Paul Handerhan, president of the Federal Association […]
Posted in Environment, Global Warming, Government, Science
Also tagged climate change, extreme weather events, flood insurance, flooding, rising sea level
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Frequency of Flash Floods
As the climate warms, the air holds more moisture. Theoretically, there is a 7% increase in atmospheric water holding capacity per degree Celsius warming. A recent study published in Nature The conterminous United States are projected to become more prone to flash floods in a high-end emissions scenario suggests extreme precipitation might be increasing even […]
Posted in Environment, Global Warming, Science
Also tagged climate change, extreme weather events, flood insurance, flooding, rising sea level
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Extreme Rainfall–surge Hazard Risks
by Daniel Brouse Most climate change models forecast rising sea levels as the predominant threat of a warming climate to flood risks. Though sea level rise is of great concern, so should be extreme rainfall. Both the sea and air temperatures are rising. Warm air can hold more moisture than cool air. Warmer sea temperatures […]
Posted in Global Warming, Science, weather
Also tagged atmospheric rivers, climate change, extreme weather events, flood insurance, Pineapple Express, rising sea levels, risk, violent rain
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26% Increase in US Flood Risk by 2050 Due to Climate Change
A study published in the Journal Nature, Inequitable patterns of US flood risk in the Anthropocene, models a 26.4% (24.1–29.1%) increase in US flood risk by 2050 due to climate change. “Our national depiction of comprehensive and high-resolution flood risk estimates in the United States indicates current average annual losses of US$32.1 billion (US$30.5–33.8 billion) […]
Posted in Global Warming, Science
Also tagged climate change, extreme weather events, flood insurance, flooding, rising sea level
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25% of Critical Infrastructure at Risk of Flooding
The First Street Foundation, a nonprofit research and technology group that assesses the threat posed by flooding across the country, released a report that found one-forth of critical infrastructure in the USA is at risk of flooding including: police and fire stations, hospitals, airports and wastewater treatment facilities. “With an increasing number of flooding 1events […]
Posted in Global Warming, Science, weather
Also tagged climate change, extreme weather events, flood insurance, flooding, rising sea level
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The Cost of Flood Insurance
An article in the New York Times entitled The Cost of Insuring Expensive Waterfront Homes Is About to Skyrocket states, “Federal officials say the goal is fairness — and also getting homeowners to understand the extent of the risk they face, and perhaps move to safer ground, reducing the human and financial toll of disasters.” […]
Posted in Global Warming, Government, Science, weather
Also tagged climate change, extreme weather events, flood insurance, flooding, rising sea level
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Rising Sea Level Turning New Jersey Cedars into Ghost Forests
The New Jersey Department of Environmental Protection released the “New Jersey’s Coastal Community Vulnerability Assessment” ccvamp-final The sea level is rising faster than forecast. Saltwater intrusion is a current and severe problem. The United States Geological Survey reports, “Saltwater intrusion has occurred to some degree in many of the coastal aquifers of the United States. […]
Posted in Environment, Global Warming, Science
Also tagged climate change, rising sea level, saltwater intrusion
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Coastal Real Estate Financial Crisis
The rising sea level is putting a trillion dollars of real estate at high risk. “The question is no longer if rising seas will erode coastal home values, but who will get stuck with the devalued assets when the markets turn,” reported Dee Gill. “Alarmingly, more than half of that (at-risk property) exposure is estimated […]
Posted in Environment, Global Warming, Science, weather
Also tagged climate change, flood insurance, sea level rise
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