Tag: flood insurance Florida

Can Everglades Environmental Restoration Help Lower Rising Insurance Premiums?

H. Cutner
Everglades Restoration

Everglades Restoration Efforts Could Safeguard Florida Keys and Boost the Economy The Everglades, a sprawling subtropical wetland at Florida’s heart, holds far more significance than its postcard-perfect fan boats and alligators might suggest. The push to restore this “River of Grass” isn’t just about keeping the sawgrass healthy; it’s about addressing high stakes for the environment, the Florida Keys, and the broader economy—including its precarious insurance market. Efforts under the Comprehensive Everglades Restoration Plan (CERP) could bring massive economic and ecological benefits. But the path forward is riddled with both…

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New FEMA flood maps may lower insurance rates, homeowners will have to wait a year to find out

Marc

Property insurance rates may be going down for Florida’s Marco Island as FEMA prepares new flood maps. The agency is making changes to their flood maps citing risks from pending storms and other factors. While this may be good news for residents of Marco Island, they will have to wait until next year before they see the lowered rates. FEMA has delayed the release of the Digital Flood Insurance Rate Map saying that a later release date would be in the best interest of the community. The delay will allow…

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