12 ms·
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 i
by 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 agoIncorrect. 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 agoSource? 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.