Two luxury high-rise condominiums under construction in the Coconut Grove area in Miami. Experts say the risk of catastrophic destruction hasn’t grown along with new development in Florida because builders are doing a better job of making structures hurricane-resistant. (AP Photo/Alan Diaz)

Florida’s coastal communities have added 1.5 million new residents and almost a half-million new homes in the last decade, but the risk of catastrophic destruction hasn’t grown along with the new development, says the Miami Herald.

The eight hurricanes that devastated the state and cost $33 million in insurance claims in back-to-back seasons a decade ago seem to be a distant memory to those new homeowners and home builders—except for the building codes.

Want to continue reading?
Become a Free
PropertyCasualty360 Digital Reader.

INCLUDED IN A DIGITAL MEMBERSHIP:

  • All PropertyCasualty360.com news coverage, best practices, and in-depth analysis.
  • Educational webcasts, resources from industry leaders, and informative newsletters.
  • Other award-winning websites including BenefitsPRO.com and ThinkAdvisor.com.

Already have an account?


NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

PropertyCasualty360

Join PropertyCasualty360

Don’t miss crucial news and insights you need to make informed decisions for your P&C insurance business. Join PropertyCasualty360.com now!

  • Unlimited access to PropertyCasualty360.com - your roadmap to thriving in a disrupted environment
  • Access to other award-winning ALM websites including BenefitsPRO.com, ThinkAdvisor.com and Law.com
  • Exclusive discounts on PropertyCasualty360, National Underwriter, Claims and ALM events

Already have an account? Sign In Now
Join PropertyCasualty360

Copyright © 2024 ALM Global, LLC. All Rights Reserved.