Well one of the issues is that no one knows what the sea level rise will be
in Miami in 100 years but we do know that the average rise won't necessarily be evenly distributed. Also that geology and geography are against the city in those respects (as they are against Venice, or New Orleans).
And the point of the article isn't strictly limited to global sea rise, but rather the multiple issues facing Miami's water supply due to its history of development, the fact that most of its freshwater comes from underground sources, and its geography. I didn't find the article to be either misleading or "fluff" though it isn't something that would be helpful to a geologist or someone who is already familiar with alot of this already.
Your point about the title is also misleading since, in nearly all news outfits, the editor picks the title not the author. To me, the main story the article is trying to tell isn't "the city is drowning", but rather that if you're considering investing in Muni-bonds for Miami (as a typical Bloomberg subscriber might), then you need to do more research compared to other cities as there are alot of issues under the surface. The same probably goes for real estate and other development (also typical subscribers to Bloomberg).