Climate change is forcing the commercial real estate industry to re-think the effectiveness of flood insurance that developers, lenders and investors have relied on for decades. Rising sea levels and more extreme weather...more
We know that, mostly as a result of climate change, extreme weather events are becoming more frequent and severe. Reducing greenhouse gas emissions should be the highest priority, but that won’t be enough to prevent severe...more
After several years of study and an appeal by the City of Boston, the Federal Emergency Management Agency (FEMA) has updated Flood Insurance Rate Maps (FIRMs) for Boston, Chelsea, Revere and Winthrop, which become effective...more