Florida and much of the country face a real estate crash unless government officials deal with climate change, members of Congress said at a roundtable discussion Saturday in St. Petersburg.
U.S. Sen. Sheldon Whitehouse, D-R.I., chair of the Senate Budget Committee, warned that spiking property insurance costs could wreak havoc with Florida’s vaunted property values and cause a mortgage crisis, according to news reports of the event.
U.S. Rep. Kathy Castor, D-Fla., said that days are hotter and don’t cool off at night like they once did.
Whitehouse, Castor and others have toured Florida in an effort to boost discussion of the need for serious action on climate change in coastal states.
The two members of Congress spoke to the press after the roundtable. That can be seen here, on Facebook.
Topics Florida Property Climate Change
Was this article valuable?
Here are more articles you may enjoy.
Many Snowbirds Looking to Pack Up and Fly North For Good; Florida Hit Hard 
South Florida Insurance Broker Pleads Guilty to Fraud in $133M ACA Enrollment Scheme 
Global Q1 Commercial Insurance Rates Drop 3%, but US Casualty Bucks the Trend 
Florida Class Action Targets Litigation Funding Firm Over Data Breach 
