climate change risk

‘It’s Killing Deals’: Florida’s Troubled Insurance Market Increasing Concern For CRE Investors

After Hurricane Ian churned up the southwest coast of Florida, attention is now shifting toward recovery and rebuilding. But a huge cloud looms over the efforts: the state’s property insurance market is teetering on the brink of collapse. While the situation is less dire for commercial property insurance, there is still widespread concern the storm’s impact will have on an owners’ ability to insure properties going forward. CLICK ON THE HEADLINE FOR MORE

New Climate Change Risk Study: Commercial Properties In Hurricane-Prone Cities Face Growing Price Tag

According to a study by nonprofit environmental research and technology group First Street Foundation and global commercial engineering firm Arup, retail, office and multifamily properties in hurricane-prone cities with fast-growing populations in Florida, Texas, Louisiana and North Carolina face the largest projected increases in structural damage from flash floods and rising seas over the next three decades. CLICK ON THE HEADLINE FOR MORE

Miami Will Be Underwater Soon And Its Drinking Water Could Go First

The slowest-moving threat to Miami’s drinking water is also the most sweeping: As the ocean rises, salt water is being pushed into the limestone, forming a wall of brine that’s creeping inland along the aquifer’s floor. CLICK ON THE HEADLINE FOR MORE