Flooded Las Olas Blvd. and Palm trees blowing in the winds during hurricane Irma. Credit: Satoshi Kina/Adobe Stock Events such as Hurricane Irma, seen here flooding Las Olas Boulevard in Fort Lauderdale in 2017, have a major impact on insurance claims in Florida, and they're likely to become more frequent and intense as the ocean gets warmer. Credit: Satoshi Kina/Adobe Stock.

South Florida's increasing flood and storm risks are pushing its insurance market to a breaking point, according to industry experts, who say that what happens next will influence the decisions real estate and business leaders make for years to come.

Continue Reading for Free

Register and gain access to:

  • Thought leadership on regulatory changes, economic trends, corporate success stories, and tactical solutions for treasurers, CFOs, risk managers, controllers, and other finance professionals
  • Informative weekly newsletter featuring news, analysis, real-world cas studies, and other critical content
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical coverage of the employee benefits and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

Raychel Lean

Raychel Lean is ALM's Florida bureau chief, overseeing the Daily Business Review. Email her at [email protected] or follow her on Twitter via @raychellean.

Analysis
Operational Risk
Insurance