Browsing: climate change

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.

Minnesota homeowners face soaring property insurance costs due to increased storm damage and a volatile national market. Industry experts and policyholders share their concerns.

A Congressional Budget Office (CBO) report examines the effects of climate change on property insurance markets and explores possible solutions to maintain insurance affordability and availability.

Many Florida residents are finding their insurance policies offer little protection against hurricane damage, with a significant number of claims being denied or closed without payment.

The insurance industry in the United States is grappling with a crisis, driven by climate change and extreme weather events, leading to unaffordable, unreliable, or unavailable coverage for homeowners and businesses.

Homeowners are facing increased financial burdens as property taxes and insurance premiums climb, adding to the already high costs of homeownership.