Why Palm Beach’s $50M Homes Are at Risk of Destruction from Rising Storm Surges

Palm Beach, Florida, is home to multi-million-dollar properties, but these luxury homes face an increasing threat from rising storm surges and more violent Atlantic storms. With many homes located on the island’s oceanfront, seawalls offer limited protection. Experts predict that one or more of these expensive properties could be destroyed within the next decade. In addition, insurance companies may refuse to cover homes with such high risk of hurricane damage, leaving owners with enormous financial exposure.