With the hurricane season blowing in at the end of June, many home insurers from Texas to Florida to New York are canceling policies along the coast, or are refusing to sell new ones. In the widest insurance retreat from the coastal property since Hurricane Andrew slammed Florida in 1992, insurers as far north as Long Island, N.Y., and Cape Cod, Mass., are shedding coastal homeowners policies to reduce their exposure. Allstate, the second-biggest property insurer, won’t write any new homeowners policies in New York City, Long Island, or Westchester County – even though Long Island hasn’t been struck by a major hurricane since 1938. The question everybody has been asking lately, is whether global warming is responsible for causing more horrendous hurricanes and subsequent landfall?
All evidence points to yes. In my opinion, the root of the problem might not be where we build our house, but how it’s built – eco-friendly design is undoubtedly the way of the future.