How Harvey - and climate change - could change American real estate

Floridians have long recognised the threat of climate change to their homes. Amid the latest disaster, home buyers may increasingly look to higher groundTropical storm Harvey - live updatesIf Florida gleaned anything from Hurricane Andrew, the intensely powerful storm that tore a deadly trail of destruction across Miami-Dade County almost exactly 25 years to the day that Hurricane Harvey barrelled into the Texas coastline, it was that living in areas exposed to the wrath of Mother Nature can come at a substantial cost.At the time the most expensive natural disaster ever to hit the US, Andrew caused an estimated $15bn in insured losses in the state and changed the way insurance companies assessed their exposure to risk for weather-related events. Continue reading...