A new survey from Insurify shows that almost 30% of American homeowners are worried about increasing home insurance rates, which are expected to continue rising through 2024 due to climate disasters and inflation. That’s no surprise, given rising home costs. Rising insurance costs increase monthly mortgage payments. The average annual home insurance rate increased by 19.8% between 2021 and 2023, from $1,984 to $2,377.

BING NEWS:
  • With climate-fueled wildfires straining insurance markets, officials work to address the issue
    Colorado, Texas and Hawaii have experienced some of the nation’s most catastrophic and tragic wildfires in recent years. Officials from all three states were in Boise this week to discuss how wildfire ...
    05/16/2024 - 10:24 pm | View Link
  • With climate-fueled wildfires straining insurance markets, officials work to avoid ‘uninsurable future’
    Colorado, Texas and Hawaii have experienced some of the nation’s most catastrophic and tragic wildfires in recent years. Officials from all three states were in Boise this week to discuss how wildfire ...
    05/14/2024 - 12:16 pm | View Link
  • Wildfires on the West Coast May Trigger Hailstorms in the Central US
    The unique characteristics of wildfires on the West Coast may change the conditions of the atmosphere in certain ways—such as altering temperature and adding aerosols—subsequently triggering ...
    04/12/2024 - 4:37 am | View Link
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