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Mid-Atlantic
Property

USA - Extreme Weather and Sea Level Rise Among Top Climate Risks To D.C. Area, New Assessment Says

The latest National Climate Assessment shows the D.C. region is especially at risk of extreme weather, flooding, and sea level rise as the earth warms.

Gulf of Mexico
Property

TX - Coastal Texas Could Be Under Water By 2050 Because Of Climate Change

A new computerized climate modeling tool that combines multiple data streams to assess an area's risk of flooding shows almost the entire Texas coast is below the predicted flood level by 2050.

Northeast
Property

NY - How Do Banks Lend in Inaccurate Flood Zones in the NY Fed’s Second District?

In our previous post, we identified the degree to which flood maps in the Federal Reserve’s Second District are inaccurate. In this post, we use our data on the accuracy of flood maps to examine how banks lend in “inaccurately mapped” areas, again focusing on the Second District in particular.

International
Property

Mexico - Mexico’s hurricane reconstruction plans prioritize military barracks, owners left to rebuild hotels

MEXICO CITY — Mexico’s government laid out hurricane reconstruction plans Tuesday for the resort of Acapulco that seem to give as much priority to building military barracks as re-opening hotels.

International
Property

UK - Suffolk coastal erosion forces demolition of Pakefield chalets

The last three remaining chalets on a coastal cliff top are to be demolished. One chalet at the site in Pakefield, near Lowestoft in Suffolk, was demolished in February 2022.

Gulf of Mexico
Property

LA - Legislative task force to examine Louisiana's disaster response protocols

(The Center Square) – Efforts to better coordinate and improve Louisiana's resilience to storms and other natural disasters commenced on Monday with a new legislative task force.

Gulf of Mexico
Property

FL - Ravaged Fort Myers Becomes Magnet for Risk-Taking Property Buyers

A year after Hurricane Ian ripped through southwest Florida, wealthy risk-takers are transforming one beach town.

Southeast
Property

FL - 1 year after Tropical Storm Nicole, coastal residents in Daytona Beach area still struggle

One year after Tropical Storm Nicole delivered the second haymaker in a one-two punch that left behind widespread damage along the Volusia-Flagler coastline, evidence of the storm’s devastating impact remains along a hard-hit stretch of South Atlantic Avenue in Wilbur-by-the-Sea.

Coastwide
Property

USA - Why it's so hard to stop building homes in places at risk from climate

CLIMATE -- 3 cities face a climate dilemma: to build or not to build homes in risky places

Gulf of Mexico
Property

FL - Some Florida houses are being built to survive hurricanes, cut emissions

With climate change spawning intense hurricanes and billion-dollar disasters, some developers are making homes that can withstand the weather and be better for the environment.

International
Property

UK - Britain's oldest beach cafe is reduced to rubble

National Trust is accused of 'senseless vandalism' after ordering demolition of tourist spot over fears it would fall into the sea due to erosion

International
Property

CANADA - Environment minister says wetland policy 'clarification' is about building more housing

Nova Scotia Environment and Climate Change Minister Tim Halman says a recent "clarification" to staff about his department's wetlands policy is based on the need for more housing in the province.

Coastwide
Property

USA - Wyden, Whitehouse Launch Investigation into Climate Change-Fueled Insurance Crisis

Washington, D.C.— U.S. Sen. Ron Wyden (D-OR) said today that he and U.S. Sen. Sheldon Whitehouse (D-RI) have launched an investigation into how insurance companies are navigating mounting risks from climate change, including where companies will next pull coverage or raise premiums.

Gulf of Mexico
Property

FL - Hurricane-ravaged Florida beach town attracts risk-taking wealthy homebuyers

A year after Hurricane Ian ripped through southwest Florida, wealthy risk-takers are transforming one beach town.

Coastwide
Property

USA - Insurers face wave of inquiries over climate risks

The nation’s property insurance industry is coming under unprecedented scrutiny with the launch of three inquiries into how climate change is causing premiums to soar and pushing insurers to withdraw from at-risk regions.

Coastwide
Property

USA - Why Retirees Flock to Places Where Climate Risk Is High

Even insurance companies are cutting and running — should you, too?

International
Property

IRL - Coastal erosion policies could put 10,000 Irish homes at risk, but are activists hampering solutions?

Last week, the government published the National Coastal Change Management Strategy to deal with loss of land due to coastal erosion, flooding and sea level rise.

Southeast
Property

FL - Orange Insurance announces formation and launch in Florida’s property insurance market

Orange Insurance Exchange, a reciprocal insurer, has announced its formation and launch in the Florida property insurance market.

Mid-Atlantic
Property

NC - Why did the National Park Service buy threatened oceanfront homes on the Outer Banks?

Conservation grant funds were used buy the two homes to prevent another collapse and huge debris field along the national seashore. Could it be a model for other parts of the N.C. coast?

International
Property

Mexico - Two hours of terror and now years of devastation for Acapulco's poor in Hurricane Otis aftermath

Hurricane Otis shredded Acapulco, Mexico, last week and tore apart the lives of hundreds of thousands of people

Southeast
Property

FL - Olympus updates Florida coastal underwriting rules to align with reinsurance

Olympus Insurance Company, a Florida homeowners specialist underwriter, has adopted new rules for property underwritten on the coast of the state, as it looks to align its inwards business more closely with the reinsurance models used.

West Coast
Property

CA - A New Way to Map Flood Risks in Los Angeles

Last winter’s big storms caused enough wind and water damage that they won’t soon be forgotten, and neighbors are still talking to various city officials about possible ways to prevent or at least reduce potential hazards for this year’s storm season.

International
Property

World - Preparing the insurance industry for climate change, Susan Crawford's warning

Until recently, Harvard professor Susan Crawford was concerned about the effect of telecom monopolies on our internet lives (see her books) but recently she has pivoted to climate change.