Comment on Climate change is driving a home insurance crisis. Here’s how insurers assess risk

Climate change is driving a home insurance crisis. Here’s how insurers assess risk

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.

 

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