Browsing: climate change

As wildfires worsen across the Western United States, Oregon lawmakers are demanding insurance companies stop using private wildfire risk maps to drop homeowners’ policies.

Colorado introduces the FAIR Plan, a state-backed insurance program for homeowners unable to secure commercial coverage due to increasing wildfire and hailstorm risks.

Advocacy groups reveal significant rise in nonrenewed home insurance policies in New Mexico from 2018 to 2023, with some areas experiencing over 2000% increase in policy cancellations.

A new study by Insurify projects that Louisiana and California will see the largest homeowner insurance rate increases in the U.S. this year, with Louisiana’s average annual premium expected to rise 27% to $13,937 and California’s increasing 21% to $2,930.

Despite being considered one of the safest states, Massachusetts homeowners are increasingly facing insurance nonrenewals due to the effects of climate change

The home insurance affordability crisis is spreading far beyond coastal regions prone to hurricanes and wildfires, with Heartland states experiencing some of the largest increases in premiums.

A new survey reveals voters’ concerns about rising insurance costs and lack of accountability

Climate change is increasing the frequency and severity of natural disasters, leading to higher insurance claims and premiums.

Thousands of Connecticut homeowners received non-renewal notices from their insurance carriers in 2023 as carriers become increasingly cautious about weather-related risks.

Connecticut homeowners are struggling to maintain insurance coverage as carriers increasingly drop policies due to intensifying weather events and economic factors.