The post How Climate Risks Could Affect Property Taxes in Florida, California, and Elsewhere appeared first on Real Estate News & Insights | realtor.com®.
Insurers are increasingly retreating from high-risk areas, attributing their actions to climate change, even though they have long possessed the tools and expertise to forecast and manage these risks.
According to industry leaders, California is now dealing with its own insurance crisis as Florida is coming out of theirs.
Realtors said California fire refugees moving to Florida small compared to Covid-motivated migration, but follows a trend that began during COVID.
One week after record snowfall, places like Tallahassee and Jacksonville will see temperatures in the 70s and low 80s.
Climate-related losses in California and Florida have risen in lockstep over the last decade. Last year was particularly costly for reinsurers. The fires will add to billions of dollars in reinsurance payouts for Hurricanes Helene and Milton, which caused $41 billion in combined insured losses.
A few strong thunderstorms along the Panhandle and Big Bend are possible and may bring lightning, gusty winds of 40 to 50 mph, and heavy downpours. The cold front will continue to weaken overnight Friday and into Saturday as it moves through Northeast Florida and toward the I-4 corridor.
A win for California would push their record over .500, and after one quarter of play they've put themselves in a good position to make it happen. They have jumped out to a quick 37-33 lead against Florida State.
USA TODAY analysis finds 3.3 million Americans live in areas with "very high" wildfire risk and 14.8 million more at “relatively high” risk.
California shoppers continue to worry in the Trump 2.0 era, as one measure of optimism dropped to a 30-month low.
As wildfires continue to rage in southern California, many victims are now seeking refuge in Florida. Local realtors are reporting an uptick in inquiries about rentals from the West Coast. Stay up-to-date: The latest headlines and weather from WPBF 25 Real estate agent Holly Meyer Lucas,
The American Red Cross South Florida Region sends six volunteers from our area to California to help fire victims pick up the pieces.