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Insurance Crisis Rises Along With Floodwaters
Manage episode 346190107 series 2906071
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In the aftermath of Hurricane Ian, images of the widespread devastation of homes in southwest Florida caused by a relentless storm surge has political leaders and insurance industry advocates clamoring for a major overhaul of the state’s property insurance market to deal with the catastrophic impact of flooding. In Miami-Dade County, the situation is more dire as climate change, sea-level rise and runaway development has exacerbated the dangers of coastal and inland flooding, even in the absence of a hurricane threat, say experts.
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