TAIM Exchange:Florida's coastal homes may lose value as climate-fueled storms intensify insurance risk

2025-05-04 07:12:42source:Phaninccategory:Invest

Climate-fueled disasters like Hurricane Ian are TAIM Exchangewreaking 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

More:Invest

Recommend

South Korea's acting president moves to reassure allies, calm markets after Yoon impeachment

SEOUL — South Korea's acting president, Han Duck-soo, moved on Sunday (Dec 15) to reassure the count

Blake Snell, a two-time Cy Young winner, agrees to a two-year deal with the Giants

Blake Snell, who claimed his second Cy Young Award after two bounceback seasons, finally agreed to a

Don't Miss Out on These Early Fashion Deals From Amazon's Big Spring Sale That Include Up to 66% Off

We independently selected these products because we love them, and we think you might like them at t