Insurance companies are facing rapidly evolving risks and trying to price their policies low enough to remain competitive but high enough to cover future payouts and remain solvent in a stormier climate. Home insurance rates are rising in the United States, not only in Florida, which saw tens of billions of dollars in losses from hurricanes Helene and Milton, but across the country.
Climate Change Is Driving A Home Insurance Crisis. Here’s How Insurers Assess Risk
The Conversation, Fast Company
Wed, 11/20/2024 - 5:30pm
BING NEWS:
- One in five US citizens are denied home insurance amid worsening climate change risks
There is a need for innovative solutions to tackle these challenges, particularly as the frequency of these events is only bound to worsen as climate change accelerates.
11/21/2024 - 4:11 am | View Link - Is Havoc For Home Insurance, Mortgage Rates Ahead?
As scores of climate change-denying Republican lawmakers prepare to take control of Congress and the Senate, an insurance affordability and availability crisis catches ... with insurance costs a ...
11/20/2024 - 11:00 am | View Link - Climate Change and the Insurability Crisis
Some industry insiders worry that insurance may be losing its relevance and value – real or perceived – for policyholders as coverage shrinks, premiums rise and exclusions increase. How insurers ...
11/20/2024 - 11:00 am | View Link - Climate change drives up insurance costs — and missed mortgage payments
New study finds a $500 insurance hike boosts mortgage delinquencies by 20%, stressing housing impact of changing climate.
11/19/2024 - 10:47 pm | View Link - Americans face an insurability crisis as climate change worsens disasters
Home insurance rates are rising in the United States, not only in Florida, which saw tens of billions of dollars in losses from hurricanes Helene and Milton, but across the country.
11/18/2024 - 7:01 am | View Link - More
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