Current:Home > NewsFlorida's coastal homes may lose value as climate-fueled storms intensify insurance risk-Angel Dreamer Wealth Society D1 Reviews & Insights
Florida's coastal homes may lose value as climate-fueled storms intensify insurance risk
View Date:2024-12-23 19:16:24
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! (822)
Related
- Congress is revisiting UFOs: Here's what's happened since last hearing on extraterrestrials
- Hallmark's When Calls the Heart galvanized an online community of millions, called Hearties
- Chiefs fans are hoping for a Taylor Swift appearance at victory parade. But her schedule is tight
- Julia Fox Wears Her Most Romantic Look Yet During New York Fashion Week
- Dwayne Johnson Admits to Peeing in Bottles on Set After Behavior Controversy
- Shots can be scary and painful for kids. One doctor has a plan to end needle phobia
- Gen Zers are recording themselves getting fired in growing TikTok trend
- How Bachelor's Sarah Herron Is Learning to Embrace Her Pregnancy After Son Oliver's Death
- Dogecoin soars after Trump's Elon Musk announcement: What to know about the cryptocurrency
- New Mexico Senate endorses budget bill emphasizing savings during oil sector windfall
Ranking
- Alexandra Daddario Shares Candid Photo of Her Postpartum Body 6 Days After Giving Birth
- San Francisco Giants add veteran slugger Jorge Soler on 3-year, $42M deal
- Mardi Gras 2024: Watch livestream of Fat Tuesday celebrations in New Orleans, Louisiana
- Uncle Eli has sage advice for Texas backup quarterback Arch Manning: Be patient
- School workers accused of giving special needs student with digestive issue hot Takis, other abuse
- Video shows deputies fired dozens of shots at armed 81-year-old man in South Carolina
- Hallmark's When Calls the Heart galvanized an online community of millions, called Hearties
- When does 'American Idol' Season 22 start? Premiere date, how to watch, judges and more
Recommendation
-
Blake Snell free agent rumors: Best fits for two-time Cy Young winner
-
That makes two! Suni Lee will join fellow Olympic champion Gabby Douglas at Winter Cup
-
10 Things I Hate About You Actor Andrew Keegan Responds to Claims He Ran a Cult
-
Hiker kills coyote with his bare hands after attack; tests confirm the animal had rabies
-
Solawave Black Friday Sale: Don't Miss Buy 1, Get 1 Free on Age-Defying Red Light Devices
-
Honda, Kia, Nissan among more than 1.1 million vehicles recalled: Check car recalls here
-
Across the world, migrating animal populations are dwindling. Here's why
-
Inside Kourtney Kardashian and Travis Barker’s First Valentine’s Day as Family of 9