High and Not dry: Rising Costs and Risks Leave Miami residents Underinsured

Douglas McIntyre, Editor-in-Chief at Climate Crisis, highlights the concerning fact that only a third of Miami residents have flood insurance. Factors include the high cost of premiums, which have risen dramatically in recent years, and the withdrawal of insurers from high-risk areas. Many residents also underestimate the risk of flooding until disaster strikes. With the increasing challenges of affordability and availability, Miami’s underinsured population may grow, leaving more residents vulnerable to the economic impact of hurricane damage.