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.
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.