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New Sea Level Rise Projections

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And Miami-Dade’s new idea

The latest sea level rise estimates are out from NOAA and they don’t look good, especially along Florida’s Gulf Coast; Miami-Dade County is contemplating a new minimum height for buildings and roads; and how this current period of more severe weather could push flood losses in the U.S. to $40 billion in the next 30 years.  It’s all in this week’s Flood Digest.

Rising Sea Levels: The National Oceanic and Atmospheric Administration (NOAA) is out with its 2022 Sea Level Rise Technical Report with updated projections for all U.S. coastal waters through 2150.  The report concludes that sea level along the U.S. coast is projected to rise 10-12 inches on average from 2020-2050, which is about how much it rose over the last 100 years.  The Gulf Coast will have the largest increase of all coasts with an estimated 14”-18” rise.  Tide and storm surge heights are also projected to increase and reach further inland, creating more than 10 times the number of “moderate” (typically damaging) flooding events.  The report includes information to help communities assess potential changes in average tide heights and height-specific threshold frequencies as they strive to adapt to sea level rise.

Miami Beach Flooding, October 29, 2012. Courtesy City of Miami Beach

How Miami-Dade is Reacting: Miami-Dade County’s Division of Environmental Resources Management has been looking at reports like NOAA’s and are now proposing changes to help make the county more flood resilient.  They want to increase the minimum elevation from its current 3.45 feet to 6 feet for everything from roads to sea walls to vacant lots awaiting new construction.  Most lots already meet or come close to that height, but those that don’t are susceptible to flooding from a projected 10 year storm event by 2060.  The plan is expected to be presented to the county commission later this year and would only apply to new construction or major renovations.  It would be the rule for all unincorporated areas of the county and in any municipality that uses the county’s flood criteria in its code, which is about a third of the municipalities in the county, including the city of Miami.  You can read more in the Miami Herald.

More Flooding, More Insurance Losses: A research team led by the University of Bristol has concluded that this period of climate change could increase annual flood losses in the U.S. by 26.4%, from their current $32 billion to $40.6 billion in less than 30 years.  The estimates include damage to homes, businesses and content. The report is based on flood models and national property asset data.  Researchers say they found the most danger is currently in poorer communities and that future increased risk will have a greater impact on African American communities on the Atlantic and Gulf Coasts.   

See you on the trail,
Lisa

LMA Newsletter of 2-21-22

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Tags: 2022 Sea Level Rise Technical Report, Flood Insurance, Flood risks, Flooding, Miami-Dade Flooding, NOAA, Sea Level Rise, Sunny Day Flooding, U.S. Flood Control, Urban flooding

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Verisk Claims

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Brown and Brown Insurance
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Charles Taylor
Lake Mary, FL

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Gulf Breeze, FL

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George E. Kelly, Jr.
GK Consulting LLC
Hartford, CT

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John Burkholder, Principal
Municipal Partners, LLC
2016 Public Risk Manager of the Year

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Whitney Ricci, President & Founder
Ricci Insurance Group
Jacksonville, FL

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Ken Donohue, Former Inspector General
U.S. Department of Housing and Urban Development (HUD)

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Gillian Lloyd, Account Executive
Zywave
Milwaukee, WI

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Paula, lifelong hometown of Plant City pal

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Frank Messersmith, former Florida state representative, 1980-1990

“Lisa is truly an insurance industry dynamo who operates her business with integrity and zealous representation. She is the person that legislators call upon when they have questions regarding necessary insurance reforms. Lisa is a tireless advocate for the protection of all Floridians and their property.”

Greg Holder, Retired Judge and Attorney
Zinober Diana & Monteverde P.A.
Tampa, FL

“Thank you Lisa for staying on top of, as well as advocating, for Florida residents and legislative reform. Your newsletters are very informative and enjoy reading the points of view.”  

Shawna Miller, Sr. Claims Quality Assurance & Compliance Manager
Florida Peninsula Insurance Company
Jacksonville, FL

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Laurie Rasberry, Chief Claims Officer
Acorn Claims
Prosper, Texas

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Mike Graham, CEO
Smart Vent Products, Floodproofing.com, & Risk Reduction Plus
Juno Beach, FL

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Tim O’Keefe, Director
KW Property Management & Consulting
Fort Lauderdale, FL

“Your newsletter is fabulous!  I greatly appreciate the topics you expose, so that insurance professionals like myself can keep up with the latest events that affect the public we serve and ourselves.”

Cynthia Hoehn, Independent Property & Casualty Personal Lines insurance agent
Clermont, FL

“Lisa, you will always be a public servant and your newsletters have shared valuable information to many. These newsletters are not five minute follow up reports. You’ve been to these disasters first hand and understand people lose everything and the elderly are the most vulnerable. It’s truly sad. Thank You for being sincere, when most are looking for ratings.”

John Greer, retired from construction, Plant City

“Thank you, Lisa, for your tireless work on behalf of the industry and the citizens of Florida. This post is incredibly comprehensive and helpful. Stay safe my friend.”

Mel Russell, President & CEO
Russell Insurance Consulting
St. Petersburg, FL

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Lori Hall, Business Development Manager
Haag

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Ana Regina Myrrha, Agency Principal
American Insurance Point
Orlando, FL

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Rebecca Leadbeater, Regulatory Compliance Analyst
Frank Winston Crum Insurance
Clearwater, FL

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John Askins, Former Director
Florida Department of Financial Services, Division of Insurance Fraud

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Cynthia Scott, President
University Insurance Group
Davie, FL

“Congrats on your 17- year anniversary at Lisa Miller & Associates®!  You have created an awesome legacy and helped numerous companies, agents, and clients!  Enjoy listening to your podcasts and reading your newsletter!  Best way to keep up with what is happening in the FL insurance world.”

William McArthur, VP of Claims
Claims Adjustment Group (CAG)

“Great article on Risk Rating 2.0!”

Austin Perez, Senior Policy Representative for Federal Housing, Valuation, Insurance and Commercial Issues
National Association of Realtors
Washington, D.C.

“Another great Newsletter on Florida industry this week.  Your service and advocacy in Florida is very important to keeping me updated and apprised of the Florida insurance laws, trends and overall environment.  Something similar is very much needed in Louisiana, too.”

Jennifer Tedesco, Esq., Claims Director
Pharos Claims Services
Orlando, FL

“Wow, what a dazzling amount of expertise and content, Lisa! You continue to amaze after 40-years of being amazing. Your newsletter is extraordinary. Congratulations!”

D. Joel Whalen, Associate Professor
DePaul University Kellstadt Graduate School of Business & Past President, Association for Business Communication

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Jeffrey Karam, CPCU
Bradenton, FL

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