Home Insurers Curb New Policies in Risky Areas
Nationally
https://www.wsj.com/articles/home-insurers-curb-new-policies-in-risky-areas-nationally-c93abac0
https://www.wsj.com/articles/home-insurers-curb-new-policies-in-risky-areas-nationally-c93abac0
Climate Shocks Are Making Parts of America
Uninsurable. It Just Got Worse.
https://www.nytimes.com/2023/05/31/climate/climate-change-insurance-wildfires-california.html
The largest insurer in California said it would stop offering new coverage. It’s part of a broader trend of companies pulling back from dangerous areas.
https://www.nytimes.com/2023/05/31/climate/climate-change-insurance-wildfires-california.html
The largest insurer in California said it would stop offering new coverage. It’s part of a broader trend of companies pulling back from dangerous areas.
Why insurance companies are pulling out of
California and Florida, and how to fix some of the underlying problems
https://theconversation.com/why-insurance-companies-are-pulling-out-of-california-and-florida-and-how-to-fix-some-of-the-underlying-problems-207172
https://theconversation.com/why-insurance-companies-are-pulling-out-of-california-and-florida-and-how-to-fix-some-of-the-underlying-problems-207172
Your Homeowners’ Insurance Bill Is the Canary in the Climate Coal Mine
https://www.nytimes.com/2023/05/07/opinion/climate-change-homeowners-insurance-housing-market.html
If you don’t think you’ve been affected by global warming, take a closer look at your last homeowners’ insurance bill: The average cost of coverage has reached $1,900 a year nationwide, but it’s $4,000 a year in New Orleans and about $5,000 a year in Miami, according to Policygenius, an online insurance marketplace. And that is pocket change compared with the impact climate change may ultimately have on the value of your home.
We have reached a turning point: Climate risk is driving insurer decisions like never before.
If you don’t think you’ve been affected by global warming, take a closer look at your last homeowners’ insurance bill: The average cost of coverage has reached $1,900 a year nationwide, but it’s $4,000 a year in New Orleans and about $5,000 a year in Miami, according to Policygenius, an online insurance marketplace. And that is pocket change compared with the impact climate change may ultimately have on the value of your home.
We have reached a turning point: Climate risk is driving insurer decisions like never before.