Real Estate/Development,
Insurance
Aug. 22, 2022
Coastal properties and insuring flood risk
Coastal property owners will face an increasing challenge – pressure on public agencies not to spend taxpayer money to protect private coastal property, the declining availability of private insurance, and increasing premiums for federal flood insurance.
Kirk A. Pasich
Partner and Co-Leader of the Insurance Recovery Group
McGuireWoods LLP
Phone: (310) 956-3462
Email: kpasich@mcguirewoods.com
Loyola Law School
California residents and businesses that own property on the coast know that ocean water levels are projected to rise because of climate change. This is on top of the erosion that has threatened to undermine shores and has required cities and others to engage in dredging and other methods to protect coastal properties - at a cost largely borne by those government entities and ultimately taxpayers.
The risk of ocean flooding is not insubsta...
For only $95 a month (the price of 2 article purchases)
Receive unlimited article access and full access to our archives,
Daily Appellate Report, award winning columns, and our
Verdicts and Settlements.
Or
$795 for an entire year!
Or access this article for $45
(Purchase provides 7-day access to this article. Printing, posting or downloading is not allowed.)
Already a subscriber?
Sign In