A view of Hurricane Florence from the International Space Station on Monday, Sept. 10, 2018, as it threatens the U.S. East Coast. (Photo: NASA via AP) A view of Hurricane Florence from the International Space Station on Monday, Sept. 10, 2018, as it threatens the U.S. East Coast. (Photo: NASA via AP)

(Bloomberg) — When Miami Beach borrowed $162 million from Wall Street this week, it wanted investors to know rising seas and extreme weather are a real risk to the city and that it's doing something about it.

Want to continue reading?
Become a Free PropertyCasualty360 Digital Reader

  • All PropertyCasualty360.com news coverage, best practices, and in-depth analysis.
  • Educational webcasts, resources from industry leaders, and informative newsletters.
  • Other award-winning websites including BenefitsPRO.com and ThinkAdvisor.com.
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.