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West Coast
Property

CA - Coastal Commission approves Solana Beach seawall

Homeowners had sued state agency; owner to donate $140,000 as part of legal settlement

International
Property

Int'l - Credit Suisse Raises US$318 Million Climate Fund To Fuel Sustainable Tech

Credit Suisse has managed to raise US$318 million for its fund dedicated to tech-forward climate solutions. The successful close of the Climate Innovation Fund, despite a scandal-ridden few months for the Swiss investment bank, is indicative of the strong demand from investors for sustainable finance.

Coastwide
Property

US - Poor Homeowners Will Pay Less after Flood Insurance Overhaul

An upcoming overhaul of the federal government’s flood insurance program will financially benefit many of the nation’s lowest-income communities by cutting premiums for a large share of their residents, an E&E News analysis of government data shows.

Gulf of Mexico
Property

TX - Texas prepares for hurricane season as lawmakers tout coastal protection plan

In the days after Hurricane Harvey tore the roof off their Rockport, Texas home in the summer of 2017, they immediately started picking up the pieces and began the rebuild.

Coastwide
Property

US - Cat bonds keep re/insurers well-capitalised for 2021 hurricanes: Fitch

Property and casualty (P&C) insurance firms in the US and global reinsurance firms are well-capitalised for the 2021 Atlantic hurricane season and the high-levels of catastrophe bond issuance seen recently will assist them in absorbing any major loss events that occur.

Northeast
Property

CT - Our Love of Living Near Water Persists Despite the Dangers

Research has shown the enriching benefits of living near coasts, lakes and rivers even as climate change challenges that romance.

International
Property

Int'l - Coastline threat from climate change to be assessed

The threat of climate change to the island’s coastal areas will be assessed as part of a blueprint for future development.

West Coast
Property

CA - USGBC-LA Symposium Brings Together the Sustainability and Fire Prevention Communities to Reduce California's Fire Risk

The U.S. Green Building Council-Los Angeles Chapter (USGBC-LA) will host its quarterly Thought Leadership event, a 5-hour symposium on “Reducing California’s Fire Risk” online Thursday, June 17th.

Gulf of Mexico
Property

FL - 4 years after Hurricane Irma, Jacksonville-area recovery effort concludes thousands of repairs

On Sept. 11, 2017, On Sept. 11, 2017, Hurricane Irma caused historic flooding in Jacksonville, leaving thousands of damaged and in some cases uninhabitable homes.

West Coast
Property

CA - Coastal flooding increases Bay Area traffic delays and accidents

Almost half of the world's population currently lives in cities and that number is projected to rise significantly in the near future. This rapid urbanization is contributing to increased flood risk due to the growing concentration of people and resources in cities and the clustering of cities along coastlines.

International
Property

Int'l - World's First Floating City Planned for Next Year

The waterfront homes will float on a 500-acre lagoon connected to a flexible grid.

Northeast
Property

CT - Public Peetings Scheduled for Greenwich's Coastal Resiliency Assessment Plan

The Conservation Commission will be presenting its 18-month long study regarding sea level rise and its effects on Greenwich. The three-part study is nearly complete, and the commission is inviting town residents to hear what the results are over the course of two presentations on June 9 and June 16 at 7:00pm.

Northeast
Property

MA - Nantucket voters shoot down short-term vacation rental restrictions, diversion of Land Bank funds

Nantucket voters on Saturday overwhelmingly rejected proposed restrictions on short-term vacation rentals, and a move to earmark a quarter of the Land Bank's annual revenue for affordable-housing initiatives.

Coastwide
Property

US - The 2021 Atlantic Hurricane Season Has Begun. Here Are The 21 Storm Names

The 2021 Atlantic hurricane season officially begins Tuesday, June 1, and the National Hurricane Center has designated 21 storm names for the six-month period ending Nov. 30.

Northeast
Property

NY - As storms become more frequent and volatile, some ports plan for the risk — but most do not

The interconnectedness of ports leave assets such as warehouses, trucking networks and railroads vulnerable to disruptions from climate change and rising sea levels.

Caribbean
Property

Carib - Parametric hurricane insurance programme to cover Mesoamerican Reef

The Mesoamerican Reef system which lies in the Caribbean Sea, touching the coasts of Mexico, Belize, Guatemala and Honduras, is set to benefit from an innovative parametric insurance program to protect the reef and communities that rely on it against hurricane impacts.

Caribbean
Property

Carib - Promoting coastal resilience through novel finance solutions at the Latin America and the Caribbean climate week

During the Latin America and the Caribbean Regional Climate Week (11-14 May) the Global Resilience Partnership together with the Race to Resilience Campaign, Ocean Risk and Resilience Action Alliance (ORRAA) and WayCarbon, hosted a side event on promoting coastal resilience through novel finance solutions.

Northeast
Property

MA - As seas rise, Boston Harbor islands listed among country's most endangered historic sites

Battered by rising seas and scarred by erosion, the Boston Harbor islands have been named one of the country’s 11 most endangered historic sites by the National Trust for Historic Preservation, a stark warning about the threat that climate change poses to important landmarks from the past.

Northeast
Property

NY - New Zoning Rules Adopted to Protect Coastal Areas from Climate Change

The citywide zoning changes will help to keep New York City coastal residents and businesses more prepared for climate change.

Coastwide
Property

US - US Insurers Brace for Another 'Above Average' Hurricane Season

Fitch Ratings-Chicago-01 June 2021: After a record-breaking hurricane season in 2020, U.S. property/casualty (re)insurers are bracing to absorb large potential catastrophe losses with projections for another above-average hurricane season, according to a new Fitch Ratings report.

Southeast
Property

SC - SC Supreme Court overturns permits in latest battle over Captain Sam's Spit

Plans to build a wall that would eventually allow homes to be built on Captain Sam’s Spit — a teardrop-shaped isthmus at the end of this barrier island — have again been struck down by the S.C. Supreme Court.

Southeast
Property

FL - EDITORIAL: Still waiting on answers regarding the Hill Tide Estates beach saga

I realize a lot of you have questions about who owns what land and beach down by Hill Tide Estates. Our story from last week that talked about security cameras and guards saying “none shall pass” along the beach that so many have walked for so long stirred up a lot of talk and, as I said, many questions.

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