In wildfire-prone areas, homeowners are learning they’re uninsurable
Wildfires cause billions in home damage every year. Now, insurers no longer want to take on the risk.
Tag: property insurance
As climate risks mount, the insurance safety net is collapsing
Natural disasters now cost the U.S. insurance industry $100 billion a year. What happens when no one wants to pick ...
Study finds hurricanes happening earlier in season; Florida home insurance costs unlikely to fall, report says
The study found Category 4 and 5 hurricanes are occurring about 15 days earlier across the planet than they were ...
Florida’s growth may be making our insurance crisis worse
A report by a major global re-insurance company links the state’s soaring home insurance costs and growth, especially along the ...
Climate change is a fiscal disaster for local governments − our study shows how it’s testing communities in Florida
Climate disasters and sea-level rise harm local governments by increasing costs and undercutting their property tax bases.
Climate risks place 39 million U.S. homes at risk of losing their insurance
The First Street Foundation hopes that highlighting the climate insurance bubble allows people to make better informed decisions.
Study warns that ‘climate insurance bubble’ could hurt Florida’s housing market; DeSantis releases energy plan
The report suggests some 39 million homes across the U.S. could lose value as insurers begin to calculate climate risks ...
California and Florida grew quickly on the promise of perfect climates in the 1900s – today, they lead the country in climate change risks
Once marketed as semitropical paradises, these states now share disturbing climate-influenced futures.
Insurers expect billions in claims from Hurricane Idalia; Tropical Storm Lee forms, projected to strengthen
UBS released estimates showing that insured losses could average about $9.36 billion from Hurricane Idalia.
Insurers cut disasters from policies as climate risks increase; DeSantis says ‘politicizing the weather’ is wrong
At least five large property insurers have said extreme weather patterns caused them to stop writing coverages in some regions.