|
Wednesday, 21 March 2012 00:00 |
By Michael Bender – Bloomberg – March 20, 2012 Telephone repairman Josh Smith lives in Jasper, which is Florida’s most inland city, according to the state’s Geological Survey. Even 75 miles (121 kilometers) from the Atlantic Ocean, Smith is bearing part of the cost of rising seas and stronger storms caused by global warming. That’s because U.S. taxpayers help insure against hurricane damage for nearly 5 million Americans, mostly in Florida (BEESFL), whose homes are less than four feet (1.2 meters) above normal high tides. The programs pit beachfront property owners against inland residents who subsidize their policies. For full story, click here.
|