Southwest Florida has already answered the immediate question after Hurricane Ian slammed into the coast…
The scale of the destruction from Hurricane Ian threatens to destabilize Florida’s insurance and real estate markets, as devastated residents file a record number of claims for damaged or destroyed homes.
The damage from Hurricane Ian comes as Florida already faces a property insurance crisis.
Congress sometimes provides additional aid after major disasters although that can take months to years to arrive.
Just days before lawmakers are set to convene at the state capitol to reform property insurance, FedNat Insurance Co., a Florida-based property insurance agency, entered into a financial restructuring plan.
Climate change and sea level rise make South Florida properties more vulnerable and more expensive for the new flood insurance coverage.
Here’s what you need to know about Florida’s property insurance crisis.
Another beachfront home in North Carolina collapsed into the ocean, officials with the National Park Service said Wednesday, as tides are getting higher and rising sea levels are eating away at the coast.