Risk From Rising Seas Could Sink South Florida’s Economy Before The Water Even Arrives – WLRN
Credit: Florida Center for Environmental Studies
Article Synopsis – South Florida leaders are worried “that insurers and investors’ perception of risk from sea level rise spells trouble for South Florida’s economy, driven as it is by real estate. Much of the concern is over how costs will rise for investors and the credit ratings agencies and insurers who influence investors’ decisions. Currently, federal flood insurance costs don’t account for sea-level rise, but that’s expected to change in less than two years, when the federal flood insurers update the way they assess property risk”. To read the actual article click here.