Coastal development, not global warming, to blame for rising storm losses: study
Monday, February 25th, 2008 PropertyA hurricane that hit Miami in 1926 would cause up to $157 billion in damage if it were to strike today, according to a recent study. U.S. storm costs are rising because of higher populations and wealth on the coasts, not a spike in the number or power of hurricanes, the study said.
External References & Further Reading
http://www.insurancejournal.com/news/national/2008/02/25/87582.htm
