Current:Home > Contact-usFlorida's coastal homes may lose value as climate-fueled storms intensify insurance risk-InfoLens
Florida's coastal homes may lose value as climate-fueled storms intensify insurance risk
View Date:2024-12-23 12:08:26
Climate-fueled disasters like Hurricane Ian are wreaking havoc on home values across the nation, but Florida’s messy insurance market makes it one of the most stressed, new research out of a nonprofit climate modeling group indicates.
High insurance premiums and a state-backed requirement that homeowners covered by the state-backed insurer of last resort enroll in the National Flood Insurance Program over the next three years could drop home values up to 40% in Florida in the next 30 years, data provided by First Street Foundation shows. And climate and insurance experts say that may further gentrify Florida’s coastal regions and barrier islands.
Lower your auto insurance costs: Find the best car insurance of 2023
veryGood! (637)
Related
- She's a trans actress and 'a warrior.' Now, this 'Emilia Pérez' star could make history.
- Naomi Campbell remains iconic – and shades Anna Wintour – at Harlem's Fashion Row event
- What is The New Yorker cover this week? Why the illustration has the internet reacting
- WNBA rookie power rankings: Caitlin Clark just about clinches Rookie of the Year
- Who is Rep. Matt Gaetz, the Florida congressman Donald Trump picked to serve as attorney general?
- Katy Perry Explains What Led to Her Year-Long Split From Orlando Bloom and How It Saved Her Life
- Chiefs’ Travis Kelce finds sanctuary when he steps on the football field with life busier than ever
- US wheelchair basketball team blows out France, advances to semis
- Taylor Swift's Dad Scott Swift Photobombs Couples Pic With Travis Kelce
- Origins of the Jeep: The birthing of an off-road legend
Ranking
- Britney Spears Reunites With Son Jayden Federline After His Move to Hawaii
- New York man gets 13 months in prison for thousands of harassing calls to Congress
- Influencer Meredith Duxbury Shares Her Genius Hack for Wearing Heels When You Have Blisters
- 'Beetlejuice Beetlejuice' review: Michael Keaton's moldy ghost lacks the same bite
- Some women are stockpiling Plan B and abortion pills. Here's what experts have to say.
- 1,000-Lb. Sisters' Amy Slaton Allegedly Had Mushrooms and Cannabis on Her When Arrested After Camel Bite
- Caitlin Clark returns to action: How to watch Fever vs. Sparks on Wednesday
- Sister Wives' Christine Brown Shares Vulnerable Message for Women Feeling Trapped
Recommendation
-
Wildfires burn on both coasts. Is climate change to blame?
-
How to watch Hulu's 'The Secret Lives of Mormon Wives': Cast, premiere, where to stream
-
Zendaya and Tom Holland Are the Perfect Match During Lowkey Los Angeles Outing
-
Rural America faces a silent mental health crisis. My dad fought to survive it.
-
Alexandra Daddario Shares Candid Photo of Her Postpartum Body 6 Days After Giving Birth
-
What is The New Yorker cover this week? Why the illustration has the internet reacting
-
Where is College GameDay for Week 2? Location, what to know for ESPN show
-
A decomposing body was found in a nursing home closet