Sea-level rise spurs South Florida developers to action
It's a message environmentalists have been delivering for decades: Sea-level rise is real, and it won't take long before South Florida structures are impacted - if nothing is done to mitigate the flooding threat. It seems South Florida business leaders are finally responding to that message. More real estate developers and investors are now taking a hard look at sea- level rise projections and factoring the scourge into their business plans when building or leasing properties in coastal areas. Sea-level rise experts say mitigation efforts are essential to protecting investments from.... Click here to read more.
Flood insurance premiums may sink South Florida before the rising sea does
Long before the invading sea reaches our homes, it could upend our region’s economy. And soon. In just two or three years, Congress may change the way it sets rates in the Federal Emergency Management Agency’s National Flood Insurance Program (NFIP) to reflect more realistic assessments of risk, including the expected impacts of sea-level rise. According to the chair of Miami’s Sea Level Rise Committee, FEMA officials believe the largest provider of flood insurance... Click here to read more.