Browsing: climate change

A government crop insurance scheme in India, designed to protect farmers from climate change impacts, is proving costly for those most at risk, according to a new analysis.

Senator Sheldon Whitehouse highlights the escalating threat climate change poses to the financial system, particularly in the areas of property insurance and real estate values, citing inaction by Congress and the potential for an economic crisis.

Insurance companies are dropping coverage for Boulder, Colorado, residents due to increased wildfire risk and rising premiums. Colorado lawmakers are working on solutions.

Rhode Island homeowners face rising premiums and limited insurance options due to climate risks, prompting state officials to urge property improvements and flood insurance consideration.

Rising premiums, non-renewals, and limited coverage options are becoming the new reality for Colorado homeowners, as the state grapples with the impacts of extreme weather, inflation, and a shifting insurance landscape.

A new study examines how insurance companies price wildfire risk and how different strategies can impact premiums, potentially explaining the rising cost of homeowners insurance.

A report reveals that while Florida insurance companies claimed profit losses, their parent companies and affiliates were making billions, raising concerns about the sustainability of the state’s insurance market.

The insurance industry faces a ‘vicious cycle’ due to increasing extreme weather events, potentially leading to unsustainable practices and economic challenges.

The Federal Insurance Office’s (FIO) comprehensive report on homeowners insurance has been met with skepticism from industry groups, who dispute its findings on affordability, availability, and the impact of climate change.

Insurance rates are climbing, and coverage is shrinking. Homeowners and experts are pointing to extreme weather events, driven by climate change, as a key factor.