Browsing: climate change

Insurance premiums are rising sharply in the Midwest due to increasing severe weather events, with hail being the primary driver of insured damages rather than tornadoes.

Following Hurricane Helene’s devastating impact, North Carolina homeowners are bracing for a 7.5% statewide insurance rate increase, despite initial requests for a 42.2% jump. Experts warn of continued hikes due to climate change and rising rebuilding costs.

The film industry is facing mounting challenges due to climate-related risks, forcing production firms to rethink their approach to location filming and balance catastrophe exposure with financial benefits of film tax credit incentives.

Climate-related risks are reshaping the film industry’s approach to location shooting, with insurance and tax credits playing crucial roles

The Geneva Association’s new report highlights growing property risks due to extreme weather and proposes significant changes to mortgages and property valuations to enhance resilience.

Insurance leaders in New Zealand are calling for a strategic shift from reacting to extreme weather events to preparing for them, as climate-related disasters intensify

The Geneva Association’s new report recommends changes to property valuations, mortgages, and government-backed insurance pools to incentivize homeowners to increase their resilience to extreme weather events.

The Geneva Association’s new report proposes significant changes to property valuations, mortgages, and insurance systems to enhance resilience against extreme weather events and address growing insurance affordability challenges.

Home insurance rates in the US have risen by 24% on average between 2021 and 2024, with some states experiencing much higher increases due to severe weather events.

State leaders in Colorado, Idaho, and other Mountain West states are struggling to address a growing home insurance crisis driven by increasing wildfire risks and climate change.