Post
155 mph in June, Jesus Christ. Thing might be a Cat 5 in a few hours.
I am think we are gonna have a major crisis in the next month when one of these hits Florida, or the gulf coast.
I have been trying to warn people that we’re not really prepared for a Cat 5 landfall in Miami or Tampa.
And it my understanding the Florida insurance market is really fucked and not in a great financial situation.
People really don’t understand how large these metros are. Millions of people, millions of homes. Billions in the economy. New Orleans was much smaller.
Well and again, the insurance market is much worse now. Post Katrina, the more at least was insurance. Now… not as much.
Just checked. Metro Miami is 6200 sq. mi. with an average elevation of 6ft and the highest point of land is 42ft above sea level and a population of 6 million. That's really really bad.
This storm surge simulator basically suggests everything south of downtown and all the barrier islands would flood with at least 5 feet of water. www.google.com
Miami already floods with no rain. A cat 5 would likely make much of the adjacent area unlivable for a decade.
The state insurance provider of last resort isn't solvent. Even on sky high premiums it can only pay out a proportion of any claim.
I don't think there's enough money. Florida would have to issue bonds first and there's not enough in FEMA's coffers to make a dent.
