Home insurance has traditionally protected people from catastrophic losses of what is, for many, their most valuable asset. But climate change has contributed to the increasing frequency and severity of destructive weather events and wildfires. Widespread losses stress the solvency of insurance markets while higher premiums contribute to lower rates of coverage. The challenges facing home insurance markets has adverse implications for real estat…

Econofact

Home Insurance in an Era of Climate Change

Top insurance companies suffered $10.6 billion of climate-attributed losses this year, just shy of the $11.3 billion of direct premiums they underwrote for...

Rigzone

Top Insurers' Climate Losses Nearly Match Premiums from Fossil Fuels

Insure Our Future, a coalition of environmental, consumer protection and other grassroots groups, issued its annual scorecard report this week, detailing how the climate crisis has accounted for over a third of weather insurance loss claims across the globe since the start of the century. Such weather-related disasters with direct ties to the climate crisis amounted to over $600 billion in… Source

Ad Fontes Media

All Sides

Media Bias/Fact Check

Truthout

Sacramento

Sacramento County

California

United States

Report Shows Climate Crisis Accounts for Over a Third of Weather-Related Insurance Claims Across the Globe

Americans living in high-risk areas are facing soaring home insurance costs due to increasing floods, storms and wildfires driven by the climate crisis.Oliver Milman reports for The Guardian.In short:Insurance premiums in counties most vulnerable to climate disasters rose 22% from 2020 to 2023, comp...

Home insurance premiums surge as climate disasters intensify

An annual scorecard for insurance companies has found they are ‘fundamentally misunderstanding’ climate risks

illuminem.com

Billions in climate related losses are pushing up insurance costs

Image credit: Getty Images on Unsplash As I waited on hold for my insurance company, Progressive, I watched images of house siding flying across the TV screen. Thousands of miles away, Hurricane Helene was taking homes apart. At least insurance companies give you advance notice before they hit you with a catastrophe, unlike many of the emergency alert systems during the hurricane, which failed or were not activated, giving those in the disaster’…

Non Profit News | Nonprofit Quarterly…

What Happens When Your Insurance Rate Spikes Due to Climate Change? - Non Profit News

A lawsuit filed by the town of Carrboro against Duke Energy accuses the utility of worsening climate change and misleading customers, a report by the NC Newsline website says. The suit, filed Wednesday in Orange County Superior Court, seeks millions of dollars in damages for what Carrboro officials allege is Duke Energy’s failure to reduce

nclawyersweekly.com

Citing climate change, Carrboro sues Duke Energy

Climate change demands that our homes go beyond sustainability to actively defend against environmental challenges, such as extreme weather, resource scarcity and changing lifestyles.

Home Insurance in an Era of Climate Change

Coverage Details

Give the gift of Perspective

Bias Distribution

Ownership

Similar News Topics

Similar News Topics