Coastal homes could see flood insurance premium going up again, and that’s only the beginning

Posted In News, Sea Level Rise
Jul
25


Malibu, California. Photograph: © SAF — Coastal Care

Excerpts;

FEMA confirmed to the Miami Herald that it is looking into switching to risk-based pricing in 2020, which would end the subsidies most coastal communities enjoy on their flood insurance premiums and show the true dollar cost of living in areas repeatedly pounded by hurricanes and drenched with floods — like South Florida…

Read Full Article, Miami Herald (07-24-2018)

Coastal residents need to set aside money now to cope with future flooding; Sun Sentinel (07-10-2018)
Sea-level rise is a national economic insecurity. According to the National Ocean Service, 39 percent of the U.S. population in 2010 lived in counties that are on shorelines…

How rising seas and coastal storms drowned the U.S. flood insurance program, Yale E360 (04-19-2017)
Sea level rise and more severe storms are overwhelming U.S. coastal communities, causing billions of dollars in damage and essentially bankrupting the federal flood insurance program. Yet rebuilding continues, despite warnings that far more properties will soon be underwater…

Flooding from sea level rise threatens over 300,000 US coastal homes – study; Guardian UK (06-18-2018)

Rising seas threaten nearly $1 trillion worth of US homes, and most of them are moderately priced; CNBC (10-18-2017)

Sea Level Rise Will Reshape U.S. Population In All 50 States; Yale E360 (04-19-2017)
Sea level rise could cause mass migrations that will affect not just the United States’ East Coast, but reshape communities deep in the heart of the country, according to new research…

The next five years will shape sea level rise for the next 300, study says; The Washington Post (02-20-2018)
Peaking global carbon dioxide emissions as soon as possible is crucial for limiting the risks of sea-level rise, even if global warming is limited to well below 2 degrees C. A new study analyzes for the first time the sea-level legacy until 2300 within the constraints of the Paris Agreement…

New Study Finds Sea Level Rise Accelerating; NASA (02-13-2018)
Global sea level rise is accelerating incrementally over time rather than increasing at a steady rate, as previously thought, according to a new study based on 25 years of NASA and European satellite data…

Federal report: High-tide flooding could happen ‘every other day’ by late this century; The Washington Post (03-28-2018)

Surrendering to rising seas; Scientific American (08-2018)
Coastal communities struggling to adapt to climate change are beginning to do what was once unthinkable: retreat…

We can’t ignore the rising sea; By Orrin H. Pilkey (06-15-2016)

The only answer to rising seas is to retreat; By Orrin H. Pilkey & Keith C. Pilkey; The News & Observer (10-18-2017)
Except for the timing, there is no controversy among scientists regarding sea level rise. Defending the coast and holding the shoreline in place ultimately will be futile. With a three-foot or a six-foot sea level rise, we will retreat, probably beginning within the next 50 years…

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