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.
Florida Home Inspector Used Stock Photos 200 Times, Defrauding Citizens, DFS Says 
AM Best: Unfavorable Operating Performance Key Driver of Downgrades 
Update: NYC’s Largest Cab Insurer Ordered to Explore Sale After Losses 
Former UPS Driver Wins $238 Million Verdict in Suit Over Firing 
