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Property

Coastwide
Property

USA - Better imagery helps insurers handle rapidly changing claims

Risk profiles of insured properties evolve over time and it can be challenging for property and casualty insurers to update policies to keep pace with normal year-to-year changes.

Southeast
Property

FL - All of Florida is at risk of hurricanes. So why aren’t impact windows or shutters required statewide?

The recent spate of hurricanes has made clear that no one living in the state is safe from their destructive effects.

Hawaii & Alaska
Property

HI - Frustrated landowners push back against state’s ‘managed retreat’ approach to rising seas

HONOLULU (HawaiiNewsNow) - Citing advances in erosion control technologies, a coalition of oceanfront property owners are urging the state to give them more weapons in their battle against beach erosion.

Coastwide
Property

USA - US commercial property rates accelerate on reinsurance hardening: Marsh

US commercial property insurance pricing accelerated in the fourth-quarter of 2022, with the challenging and hardening reinsurance market environment a key driver, according to broker Marsh.

Coastwide
Property

USA - Americans’ Climate Migration Has Begun

The first generation of climate migrants tries to cling to the places they call home, but bureaucrats, wallets, and an overheating planet have the final say.

Mid-Atlantic
Property

NC - Why flooding from hurricanes in the Wilmington area could get a whole lot worse

The Cape Fear region is no stranger to flooding associated with tropical weather systems dumping massive amounts of rain on the region.

Gulf of Mexico
Property

LA - Louisiana special session to tackle insurance crisis begins

As insurers in Louisiana flee the state and residents face exorbitant, and in some cases unaffordable, property insurance costs lawmakers returned to the Capitol Monday for a special legislative session to address the ongoing crisis.

International
Property

NZ - Approach to funding infrastructure needed to avoid 'managed retreat' from climate change damaged assets

The reality is with the current policy settings in New Zealand we can expect a managed retreat of maintenance on local roads in rural, remote rural and coastal areas over the next decade and potentially sooner.

Pacific Northwest
Property

OR - New Oregon Coastal Protections Will Help Nature and Communities

Tourist visits to Oregon’s rugged coast are higher than to any other part of the state. Nearly half of this coastline is rocky, featuring tide pools, headland cliffs, offshore rocks and islands, and submerged reefs—all of which support abundant marine wildlife and hold significant economic, social, and cultural value.

West Coast
Property

CA - Del Mar takes another shot at short-term rental ordinance ( with huge STR news compilation)

DEL MAR — After nearly seven years of confusion and controversy over the viability of short-term rentals in Del Mar, city officials have started crafting a new ordinance to regulate their operation while also extending a ban on new rentals for another two years.

Pacific Northwest
Property

WA - King tides showcase future sea level rise

Washington’s 56 cities and counties with marine shorelines are experiencing this winter’s final cycle of king tides.

Coastwide
Property

USA - Half of US coastal communities underestimate sea level risks, study finds

Many communities in the United States underestimate how much sea level will rise in their area, according to a new study in Earth's Future led by Andra Garner, a climate scientist at Rowan University.

Coastwide
Property

USA - Floodbase Releases Flood Solution for Parametric Hurricane Policies that Protect Against Increasingly Stronger, Slower, and Wetter Hurricanes

Formerly Cloud to Street, flood data company Floodbase unveiled a new brand and $12m Series A funding round led by Lowercarbon Capital to make parametric flood insurance policies available worldwide, protecting consumers and supporting climate change adaptation

West Coast
Property

CA - California flood losses revealed

Total US economic losses from the recent flooding in California will be between $5 billion and $7 billion, according to an estimate by catastrophe risk modeling firm Moody’s RMS. Insured losses are estimated to be between half a billion dollars and $1.5 billion, including losses to the National Flood Insurance Program and the private flood market.

Northeast
Property

MA - Proposed Cape Cod septic upgrade rules trigger sharp responses, pro and con

Newly proposed septic rules that could require thousands of Cape Cod homeowners to upgrade or replace their septic systems in the next five years sparked heated debate last night at a virtual public meeting.

West Coast
Property

CA - Stinson Beach storm damage expected to worsen as sea rises

For residents of Stinson Beach, the sight of ocean waves running up their streets, carving away tons of sand, flooding homes and even washing a house or two into the sea every decade or two has been an accepted tradeoff for a beachside lifestyle.

Southeast
Property

FL - DeSantis sees long recovery from property insurance woes; spreads millions for beach restoration

Gov. Ron DeSantis on Wednesday warned that it’s too soon to expect the property insurance reforms the Legislature passed last month to result in lower rates or increased availability of coverage.

Gulf of Mexico
Property

LA - More insurance companies pull out of Louisiana: 'We are in a crisis'

Thousands of folks in the south no longer have home insurance because companies are leaving the area after years of devastating storms.

International
Property

World - THE NEW ABNORMAL: CATASTROPHIC WEATHER DISASTERS ARE CONSIDERED TAME AFTER FREQUENCY OF YEARLY ONSLAUGHT

This past year has seen a horrific flood that submerged one-third of Pakistan, one of the three costliest U.S. hurricanes on record, devastating droughts in Europe and China, a drought-triggered famine in Africa and deadly heat waves all over. Yet this was not climate change at its worst.

Southeast
Property

SC - Coastal resident demands county do its job, developers take Helena project elsewhere

The County Planning Commission should be commended for its unanimous vote to uphold the St. Helena Cultural Protection Overlay District (CPO).