Browsing: climate change

As extreme weather intensifies, voters nationwide are increasingly concerned about rising property insurance costs and want government intervention to protect consumers

A recent report shows Arizona’s homeowners insurance rates rose 48% between 2021 and 2024, driven partly by wildfire risk. State Senator Mark Finchem suggests solutions including reinsurance programs and subsidized fire fuels mitigation.

California homeowners pay some of the lowest insurance rates in the US, but this affordability masks a deepening crisis in the state’s insurance market.

Voters identify insurance executives and extreme weather events as main culprits behind rising insurance rates

Extreme weather events and Trump tariffs expected to drive up costs for homeowners nationwide

As wildfires worsen across the Western United States, Oregon lawmakers are demanding insurance companies stop using private wildfire risk maps to drop homeowners’ policies.

Colorado introduces the FAIR Plan, a state-backed insurance program for homeowners unable to secure commercial coverage due to increasing wildfire and hailstorm risks.

Advocacy groups reveal significant rise in nonrenewed home insurance policies in New Mexico from 2018 to 2023, with some areas experiencing over 2000% increase in policy cancellations.

A new study by Insurify projects that Louisiana and California will see the largest homeowner insurance rate increases in the U.S. this year, with Louisiana’s average annual premium expected to rise 27% to $13,937 and California’s increasing 21% to $2,930.

Despite being considered one of the safest states, Massachusetts homeowners are increasingly facing insurance nonrenewals due to the effects of climate change