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Property

International
Property

NZ - Longterm leases to ease pain of forced climate retreat

Large-scale, climate change-related relocation of people from the coast and flood-prone areas is inevitable, according to a panel of experts. Politicians must make tough decisions on when people have to abandon their homes, and how to compensate them.

Coastwide
Property

USA - How Much Does Flood Insurance Cost? Everything You Need to Know

Floods are the most common natural disaster in the United States. And they can be devastating: Just an inch or two of water damage can cause more than $25,000 in repairs and lost property. Flood insurance is unique because most policies are sold and backed by the federal government. (Homeowners insurance generally doesn’t cover flood damage.)

Hawaii & Alaska
Property

HI - Maui sets up shoreline retreat fund

A new fund to help Maui homeowners manage coastal erosion and address climate change has been approved by the Maui County Council.

Coastwide
Property

USA - Climate change threatens to destroy 'the things Americans value most,' U.S. government warns

The U.S. must ramp up efforts to reduce greenhouse gas emissions over the next three decades as climate change worsens disasters and threatens water supplies and public health across the country, according to a major draft report released by the federal government on Monday.“

Caribbean
Property

Caribbean - 100-year-old Panamanian community to move to mainland as sea level rises over island

The 1,200 inhabitants of the island of Gardi Sugdub are relocating to mainland Panama in 2023 as their land is being overtaken by the rising Caribbean Sea.

Mid-Atlantic
Property

NC - A cycle of septic repairs, washouts on park service beaches

RODANTHE — Nothing good can be said about septic tanks leaking their foul contents onto a public beach. It sounds even worse that it’s within a national seashore on the Outer Banks renowned for its beautiful, clean beaches.

International
Property

UK - Living on the edge: Coastal home owners being treated like outcasts

Standing at the garden edge of a clifftop home on the Isle of Sheppey in Kent, I am warned to step back. The cliff, like many on the UK’s coast, is eroding and in danger of collapse. The home belongs to 72-year-old Malcolm Newell. He warns me the ground beneath my feet could give way at any moment. He is not exaggerating.

Gulf of Mexico
Property

LA - Our Views: On flood insurance, a rate increase that creates more risk for Louisiana

The National Flood Insurance Program is not a private business; it was established under the Federal Emergency Management Agency when commercial insurers would no longer write flood policies.

Coastwide
Property

USA - Low Mississippi River levels causing concern for waterfront communities

QUINCY (WGEM) - Falling water levels on the Mississippi River are a source of concern for waterfront communities including some here in the Tri-States.

Southeast
Property

FL - ‘On borrowed time.’ Why coastal Florida keeps rebuilding after storms like Hurricane Ian

Southwest Florida has already answered the immediate question after Hurricane Ian slammed into the coast, killing dozens of people and destroying thousands of homes with record-high storm surge: Will we rebuild?

Coastwide
Property

USA - Viewpoint: Subrogating Against God

The devastation of Hurricane Ian reminds us that the opportunity for property subrogation success is often disguised as an Act of God.

Southeast
Property

FL - As Special Session Nears, Florida Chamber Urges More Property Insurance Reforms

Florida is in the midst of a swirling storm with a property insurance market that has been described as in free fall.

Great Lakes
Property

IN - US Supreme Court won't hear Lake Michigan shoreline dispute

The U.S. Supreme Court said it won’t hear a case over access to Lake Michigan’s shoreline.

West Coast
Property

CA - Major flood would hit Los Angeles Black communities disproportionately hard, study finds

Flooding from a storm event so severe that it occurs only once every 100 years would cause far greater damage to life and property in the Los Angeles Basin than federal emergency officials have forecast, according to UC Irvine researchers who warn also that Black and low-income communities would be hardest hit by the disaster.

Northeast
Property

NY - She led scientists advising New York on climate change. Did the city listen?

Cynthia Rosenzweig is a senior research scientist at the Columbia Climate School, and heads the Climate Impacts Group at the affiliated NASA Goddard Institute for Space Studies.

Gulf of Mexico
Property

LA - Louisiana Citizens rate increases will be as high as 111% in some parishes

The unlucky residents who rely on the state's insurer of last resort pay the most for property insurance coverage in the state.

International
Property

World - Insurance finds its place at the heart of international climate action

In the build-up to November’s COP27 in the Egyptian coastal resort of Sharm el-Sheikh, Germany is spearheading an agenda set to dominate the UN’s annual climate change conference.

Southeast
Property

GA - Flood insurance prices rising As storms, flooding become more frequent due to climate change

For the average homeowner, few activities sound more tedious than spending an afternoon reviewing insurance policies.

International
Property

World - John Gibbons: Could insurers be the ones to make fossil fuel giants listen on climate risk?

The insurance sector, dubbed the Achilles heel of the fossil fuel industry, is in crisis due to the increasing frequency of climate-fuelled extreme weather events – something energy giants may no longer be able to ignore

Southeast
Property

FL - Case Study: Impact of Flood Risk on Property Values

By current CoreLogic estimates, the recent landfall of Hurricane Ian caused anywhere between $41 to $70 billion in damage, marking the sixth consecutive year a slow-moving tropical system destroyed part of the country.

Southeast
Property

USA - Viewpoint: Ranking Hurricane Ian Among the Ten Worst Natural Disasters in US History

We are in the early stages of sifting through the debris of Hurricane Ian and calculating the financial and human toll it took after coming ashore in Southwest Florida with 150 mph winds and 20 inches of rain.

Northeast
Property

NY - How public housing could prevent flooding in New York City

The city wants to use its public housing developments to soak up extreme rain.

Northeast
Property

NH - Massachusetts to Pay New Hampshire $3,477,195.30 to Resolve Dispute Over Property Tax Losses Related to Flood Control

Attorney General John M. Formella announces that the Commonwealth of Massachusetts has agreed to pay New Hampshire $3,477,195.30 to settle a nearly decade-long dispute over lost property tax revenue caused by flood control infrastructure located in New Hampshire.

Northeast
Property

NY - 10 years after Sandy, coastal areas are still precarious — and even more populated

Don Riepe lives within a short walk of the A Train, the quickest way to get to Harlem, according to Duke Ellington's famous song.