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Mid-Atlantic
Property

VA - 'Coastal Futures Hub' Aims to Protect Rural Communities Threatened by Climate Change

Virginia is a hot spot of climate change. We have the highest sea-level rise along the U.S. Atlantic coast, and we have more storms that are hitting the coast now than at any previous time,” environmental scientist Karen McGlathery said.

Southeast
Property

USA - Stronger and more frequent hurricanes threaten job growth in coastal counties

The southeastern coast of the United States is threatened yearly by hurricanes, some receiving more media coverage and resources than others. Coastal states such as Florida experience more hurricane impacts than other states and thus the greatest labor market disruptions from these disasters.

Gulf of Mexico
Property

LA - Hurricane Ida in Louisiana: Caskets, vaults still displaced

Hurricane Ida swept through Louisiana with furious winds that ripped roofs off buildings and storm surge so powerful it moved homes. What it wrought on the living it also wrought on the dead, moving vaults and caskets and adding another layer of trauma for families and communities recovering from the powerful storm.

Northeast
Property

RI - Collapsed roads, flooded basements, submerged cars: Flood risk growing in New England

If a major flood happened tomorrow, hundreds of thousands of homes, commercial buildings, roads and critical infrastructure across New England are at risk of damage, according to a new report by the First Street Foundation. And the dangers are only expected to grow over the next 30 years.

Southeast
Property

GA - Flood insurance rate changes underway

CHATHAM COUNTY, Ga. (WTOC) - The flood insurance rates for properties are changing.

Northeast
Property

NY - New York City council requires climate resilience plan

New York City has long been a leader among cities when it comes to tackling climate change.

Gulf of Mexico
Property

FL - Bay County Florida sees gains 3 years after Hurricane Michael

BAY COUNTY — For Mexico Beach Mayor Al Cathey, the days leading up to Oct. 10, 2018, were just like any normal storm preparation — gather names of who is staying, board up windows and lock down loose items around town.

Coastwide
Property

USA - Coastal Flood Resilience Project Issues White Paper Entitled 'Reforming the Community Rating System'

WASHINGTON, Oct. 9 - The Coastal Flood Resilience Project has issued a 12-page white paper on Oct. 1, 2021, entitled: "Reforming the Community Rating System Within the National Flood Insurance Program".

Gulf of Mexico
Property

TX - 'Digital Twins' Of Texas Coastal Communities Could Shed Light On Resiliency Texas A&M University Today

A Texas A&M urban planning professor will head a group to examine virtual models of Galveston Island and other Texas coastal communities in a large-scale study.

Coastwide
Property

USA - Reconfiguring Urban Shorelines for Resilience

Redeveloping and improving shoreline protection in urban areas is a significant infrastructure need in the United States. These areas are subject to continual damage due to storms, rising waters and the effects of climate change.

Northeast
Property

NY - New York City, Underwater

Climate change is transforming the Big Apple. How long will it be until America’s largest city is all but wiped off the map?

Gulf of Mexico
Property

TX - Steady demand for coastal real estate despite flood risks

According to a new report from real estate company Redfin, the cost of homes in coastal areas that are more prone to flooding have gone up around 14% this year.

Coastwide
Property

USA - Cat exposed US property insurance rates soar again in Q3: MarketScout

Property insurance rates continue to soar higher for homes and businesses in catastrophe exposed regions of the United States, while coverage issues are increasingly emerging for those high-value buildings in peak catastrophe zones.

International
Property

AUS - ‘Eye-watering’: climate change disasters will cost Australia billions each year, study finds

Catastrophes like fires and floods could set the economy back more than $1.2tn by 2060, even if action is taken

Coastwide
Property

USA - How ‘nuisance’ flooding is hurting coastal economies

In many communities, water spills onto streets at high tide. The problem is getting more common as sea levels rise.

Coastwide
Property

USA - Perspectives: In parametric, it's essential to define whether a contract is insurance or a swap

These days parametric insurance is, excuse the expression, a hot topic among those considering the impact of climate change. From homeowners to businesses to state and local government units to nation states, the notion of risk transfer contracts that settle and pay losses far more quickly than losses covered under customary property insurance contracts is alluring

Mid-Atlantic
Property

NC - If you have flood insurance, the price is likely going up. What that means in NC

Starting this month , anyone buying a flood insurance policy will see a shift in prices due to a set of changes the Federal Emergency Management Agency has called Risk Rating 2.0.

Coastwide
Property

USA - New flood insurance rates may drain key municipal revenue streams

The Biden administration is moving ahead with a plan to substantially raise flood insurance rates for many coastal homeowners beginning on Oct. 1 — an effort to better reflect the cost of growing flood risks.

Mid-Atlantic
Property

VA - 3 ways Virginia can continue to advance flood resilience statewide

Virginians are already seeing the impacts of climate change, from sea level rise along our coastlines to increased rainfall statewide. Without action, Virginians can expect $4.1 billion in annual losses to residential, commercial and public structures by 2080, with 171,000 acres of tidal marsh at risk of disappearing.

Coastwide
Property

USA - In the U.S., only the wealthy can afford to live near rising seas

Hurricane Ida now ranks as one of the costliest ever U.S. storms, with its toll estimated at $100 billion and 82 deaths — a stark reminder of the heightened risk of flooding due to climate change. Yet coastal real estate at risk of inundation is still in high demand and selling for a premium, experts say.

Coastwide
Property

USA - New Flood Insurance Rates Still Subsidize Coastal Development

FEMA says new rates are more fair. But homeowners can still skip buying insurance, premiums may still not price in severe climate risk, and the program remains insolvent.

International
Property

NZ - Big changes on the way as Christchurch moves to adapt to sea level rise

Thousands of Christchurch homeowners could soon face strict building restrictions as the city council looks to manage risks posed by sea level rise.

West Coast
Property

CA - Erosion on California coast threatens railroad tracks, pricey homes

The bluffs in the Cyprus Shores community, where four homes are under immediate threat, have long been stabilized by the beach below, said Lesley Ewing, senior engineer for the Coastal Commission. Some stretches of beach enjoyed by swimmers and sunbathers may have to give way to coastal protection habitat if the area is to be saved, she said.

Northeast
Property

MD - A multimillion-dollar project to prevent South Baltimore flooding could help prove new strategies in climate resiliency

As the climate changes, a vicious cycle persists: rain, repair, repeat. But Baltimore could soon win millions of dollars from a new national effort to resist the damage that extreme weather is wreaking on communities.