Risk managers are increasingly using parametric insurance to strengthen traditional programs and to better match capital to risk from natural disasters.
In the ever-evolving landscape of commercial real estate, a new challenge has emerged, straining the resilience of landlords and developers alike. The soaring costs of insurance, exacerbated by climate-induced natural disasters, are creating a formidable obstacle for property owners. Particularly affected are coastal cities and towns, where the risk of storms and floods is high.
As Florida braces for the impact of Hurricane Milton, the state's real-estate market finds itself in a precarious position. This powerful Category 4 storm, following closely after Hurricane Helene, threatens to exacerbate an already volatile situation.
A study by First Street reveals Cape Coral has more properties at risk of flooding than any other city in Florida. Following Hurricane Ian, FEMA withdrew the city's flood insurance discount, blaming improper rebuilding practices.
Discover how the irresistible charm of North Carolina's Outer Banks is clashing with the harsh reality of climate change, as rising sea levels threaten coastal homes and reshape the real estate market.
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