Waterfront businesses confront climate change : as storms worsen, property owners are having mixed success with their insurance options

Source

Mainebiz

Date

12-2-2024

Pages

16-21

Abstract

Paying for climate-resilient infrastructure repairs and rebuilds along coastal and inland waterways are a critical topic at the local and state levels in the face of worsening storms. Devastating storms in December 2023 and January 2024 caused over $90 million in damage to public infrastructure across the state, and millions more to private property, such as homes and working waterfronts, leaving many Mainers to deal with flooding issues.

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