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Insurance carrier exodus rattles California and Florida housing markets

Housing Wire

According to an analysis using CoreLogic’s Climate Risk Analytics: Composite Risk Score (CRA) , Florida’s Miami-Dade County is forecast to have the highest climate change-related risk in the United States, with estimated annual losses of $988 million per year through 2050.

Insurance 370
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A CALL FOR MORE ACCESSORY DWELLINGS AMID HOUSING CRUNCH

Will Springer Realtor

A climate-risk assessment published by the Risky Business Project estimated that between $66B and $160B worth of real estate will be below sea level by 2050. SmartAsset used three metrics – home value growth, income growth and housing demand – to reach its findings. >> Returning to work will come with a price.

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Time for a makeover: Trade groups want a revamp of the major flood insurance program

Housing Wire

Many people think that real estate transactions will be disrupted during a lapse of the NFIP, but the truth is, most transactions go through,” Perez said. The real issue, though, is that properties in flood-prone areas might be sold without flood insurance, which puts buyers at risk.“

Insurance 370