Browsing: climate change

The devastating wildfires in the Los Angeles area pose a significant economic threat, potentially causing up to $250 billion in damages and prompting major changes in the insurance industry.

Rhode Island homeowners face rising premiums and limited insurance options due to climate-related risks and other factors, prompting state officials to advise proactive measures.

The recent wildfires in California are increasing the risk of floods, potentially forcing homeowners to pay for expensive flood insurance.

The US insurance sector faces significant challenges due to the rising frequency and severity of natural disasters, prompting debate over regulatory frameworks and the role of government.

As climate change intensifies, understanding and mitigating the risks associated with homeownership becomes increasingly crucial. Here’s expert advice on how to navigate these challenges.

A new report highlights Maine’s relative stability in home insurance rates compared to the rest of the US, despite a year of major natural disasters.

California’s home insurance plan of last resort faces a cash crunch due to increased wildfire claims, leading to a $1 billion assessment on private insurers.

As extreme weather events become more frequent and severe, California homeowners are losing their insurance coverage, leading to an escalating crisis.

Insurance rates are rising rapidly in Minnesota, and industry experts say it’s a disaster, driven heavily by severe wind and hailstorms.

Island residents face astronomical home insurance rates, forcing difficult decisions about their finances and futures.