4 ms·

Yea... but... wouldn't the Fort Myers area count as part of the middle ground that's fine? They don't get hit hard consistently. Should we say that NYC should

by codyb 4y ago

Yea... but... wouldn't the Fort Myers area count as part of the middle ground that's fine? They don't get hit hard consistently. Should we say that NYC should be abandoned cause Sandy hit 10 years ago and another might hit again one day? And also I actually said in my post "there are areas we shouldn't".

NickC25 4y ago
Ft. Myers has been hit a few times, but you're right - it's not constant. But Florida in general gets hit pretty hard every year - it's just that it happens to different parts of Florida. The Keys get battered every few years, so does Miami, so does Tampa. Even Orlando is not safe. However, Ft Myers is different from NYC in that sea level rises affect South Florida a hell of a lot more than Manhattan. A 10 foot sea level rise would only affect a small (but definitely not insignificant) part of Manhattan. That same rise would render all of Florida's coastlines (on both sides) uninhabitable. See link below: https://coast.noaa.gov/slr/ https://coast.noaa.gov/slr/ NYC doesn't get hit anywhere close to as often as Florida's coasts do. It's not even comparable. The insurers are leaving Florida in droves because their risk assessment teams understand that sea level rises and climate change is a significant financial risk to their operations in Florida, no matter how much Governor DeSantis wants to pretend otherwise. It makes zero sense to insure areas that are going to be uninhabitable in our lifetimes, much less spend billions rebuilding them time and time again. Disclaimer: I live in South Florida.
- gaadd33 4y ago
  Are you sure it's due to risk assessment for climate change and not the huge amount of fraud and litigation? I've heard that something like 80% of all homeowners insurance lawsuits have been from Florida despite only having 9% of claims. When I looked into the issue that was the driving cause I found, it would be good to read some info about the climate change assessment making it into their decision to pull out. Disclaimer: Also in South Florida
  - NickC25 4y ago
    I'm sure it's a mix of both. Yes, there's a ton of home insurance lawsuits here, and yes, the amount of fraud here is mind-boggling. However, the rapid rise in sea level and the fact that the state legislature is bound by law to not discuss it at all is also a factor. South Florida's coasts will be uninhabitable within 50 years, and if I'm an insurer, that's also on my mind.
    - HonestOp001 4y ago
      Incorrect. Florida is currently undergoing a massive effort to identify resiliency options across the state. There are lots of efforts in the state at the city, county, and state level to address this.
      - NickC25 4y ago
        Source? Also, the efforts that I've seen are sub-par at best. Miami wants to build barrier islands that are a few feet above sea level in order to create a basin-type barrier around Brickell (the financial district where Ken Griffin is building a tower). Those are still in the early stages of bureaucratic hell and won't likely be built until it's way too late.

by codyb 4y ago

NickC25 4y ago

Ft. Myers has been hit a few times, but you're right - it's not constant. But Florida in general gets hit pretty hard every year - it's just that it happens to different parts of Florida. The Keys get battered every few years, so does Miami, so does Tampa. Even Orlando is not safe. However, Ft Myers is different from NYC in that sea level rises affect South Florida a hell of a lot more than Manhattan. A 10 foot sea level rise would only affect a small (but definitely not insignificant) part of Manhattan. That same rise would render all of Florida's coastlines (on both sides) uninhabitable. See link below: https://coast.noaa.gov/slr/ https://coast.noaa.gov/slr/ NYC doesn't get hit anywhere close to as often as Florida's coasts do. It's not even comparable. The insurers are leaving Florida in droves because their risk assessment teams understand that sea level rises and climate change is a significant financial risk to their operations in Florida, no matter how much Governor DeSantis wants to pretend otherwise. It makes zero sense to insure areas that are going to be uninhabitable in our lifetimes, much less spend billions rebuilding them time and time again. Disclaimer: I live in South Florida.

gaadd33 4y ago
Are you sure it's due to risk assessment for climate change and not the huge amount of fraud and litigation? I've heard that something like 80% of all homeowners insurance lawsuits have been from Florida despite only having 9% of claims. When I looked into the issue that was the driving cause I found, it would be good to read some info about the climate change assessment making it into their decision to pull out. Disclaimer: Also in South Florida
- NickC25 4y ago
  I'm sure it's a mix of both. Yes, there's a ton of home insurance lawsuits here, and yes, the amount of fraud here is mind-boggling. However, the rapid rise in sea level and the fact that the state legislature is bound by law to not discuss it at all is also a factor. South Florida's coasts will be uninhabitable within 50 years, and if I'm an insurer, that's also on my mind.
  - HonestOp001 4y ago
    Incorrect. Florida is currently undergoing a massive effort to identify resiliency options across the state. There are lots of efforts in the state at the city, county, and state level to address this.
    - NickC25 4y ago
      Source? Also, the efforts that I've seen are sub-par at best. Miami wants to build barrier islands that are a few feet above sea level in order to create a basin-type barrier around Brickell (the financial district where Ken Griffin is building a tower). Those are still in the early stages of bureaucratic hell and won't likely be built until it's way too late.