Browsing: climate change

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.

Devastating fires in the Los Angeles area could lead to significant economic damage, potentially changing the insurance industry.

Colorado homeowners’ insurance premiums are skyrocketing, with non-renewals and cancellations on the rise. The article explores the reasons behind the increases, including hail damage, climate change, and inflation.

New data reveals a surge in homeowners dropping their insurance due to rising costs and climate-related disasters, increasing financial risk.

State Farm is increasing homeowners insurance premiums in California due to wildfire risks, prompting scrutiny from state officials and raising concerns about climate change impacts.

The recent Los Angeles fires will further strain California’s already stressed home insurance market. This article discusses the challenges, potential solutions, and future implications for homeowners and renters.