There’s a high-cost state-run insurer of last resort (Citizens Property Insurance Corporation) which is still in operation. The right set of storms could break that.
It won’t even need a big set of storns. It will just need the constant slightly elevated and worsening conditions we’ve been seeing, with more frequent major events. A failure of attrition , literally and figuratively.
It’s not going to magically sink; parts of the state have enough elevation to remain above sea level even if we melt everything.
What might happen is that coastal properties become uninsurable, which will make it all but impossible to obtain loans or build new buildings.
I thought Florida was already uninsurable.
There’s a high-cost state-run insurer of last resort (Citizens Property Insurance Corporation) which is still in operation. The right set of storms could break that.
If it’s anything like my state they are carrying way too many people and it’s just a ticking time bomb.
It won’t even need a big set of storns. It will just need the constant slightly elevated and worsening conditions we’ve been seeing, with more frequent major events. A failure of attrition , literally and figuratively.