disasters

On The Costs Of Climate Change, Or, Florida Bets The State

Submitted by fake consultant on Sun, 02/11/2007 - 10:06am.

It is always a surprise when you begin to write one story and end up writing another, and that is the situation we have today.

Originally this was to be a story set in the future, but it turns out the future is now.

Here’s the deal: while watching the Super Bowl (love the mouse commercial!), I was considering the economic consequences of a flooded Miami, seeing as the ocean level is projected to rise over the next century, and Florida isn’t.

Specifically, I was thinking about what will happen to the economy of the state when you can no longer transfer real estate because the property is uninsurable.

In my mind, there would be a sort of tipping point where the State would have to look for outside assistance for their collapsing insurance situation, perhaps even seeking some sort of Federal bailout.

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