‘It’s a Big Problem’: The Insurance Industry Is the Harbinger of South Florida’s Climate Change Risks

South Florida’s increasing flood and storm risks are pushing its insurance market to a breaking point, according to industry experts, who say what happens next will influence the decisions that real estate and business leaders make for years to come.

“It’s all happening now,” said Joseph Gendelman, president and CEO of Bruce Gendelman Insurance Services, which is based in West Palm Beach and provides risk assessment insurance services.