Browsing: climate change

New data reveals rising cancellation rates and nonrenewals in home insurance policies, particularly in high-risk areas.

Rising home insurance costs in Florida, fueled by climate change, signal a looming problem for homeowners across the United States.

Home insurance premiums are increasing due to the increased risk of extreme weather and the damage it causes. Experts are calling for changes to the industry that incorporate climate risk and incentivise homeowners to make homes more resilient.

A warming climate and resulting severe weather events are driving up homeowners insurance rates across the U.S., potentially making coverage unaffordable for many.

A new report from SAS highlights the insurance industry’s role in addressing the growing global protection gap amidst climate change and other challenges.

California homeowners, renters, and businesses are facing increasing challenges with insurance renewals and affordability due to rising climate risks like wildfires and extreme weather events.

Bermuda-based insurer Lancashire Holdings reported a strong 2024, but faces challenges from major disasters and climate-related risks.

AXA CEO Thomas Buberl emphasizes the importance of mitigating natural disasters to maintain affordable property insurance in climate-vulnerable regions.

Homeowners across the West, including Utah, face increasing insurance rates due to rising wildfire risks linked to climate change.

Experts and advocates debate the primary drivers of rising insurance rates, with climate change emerging as a key factor.