Browsing: natural disasters

Two disaster-prone states facing skyrocketing homeowners insurance premiums experiment with different solutions to address the crisis.

Recent findings show growing anxiety among Kiwis regarding natural disasters, with insurers reporting a spike in claims related to storms and floods

Colorado lawmakers are considering a novel program to help reduce soaring homeowners’ insurance premiums, which have increased by 58% between 2018 and 2023.

Increasing natural disasters and rising insurance premiums are affecting homebuyers’ decisions, particularly in high-risk areas prone to flooding and wildfires

Increasing frequency of natural disasters leads to soaring homeowners insurance costs, affecting both prospective buyers and existing homeowners

Insurify’s annual report forecasts significant increases in home insurance premiums across the US, particularly in states prone to natural disasters

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.

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

Moody’s Ratings forecasts that recent wildfires in Los Angeles will exacerbate existing challenges in California’s property insurance market, potentially increasing costs and straining the FAIR Plan.

As climate change intensifies natural disasters, the insurance industry is turning to climate scientists to better understand and manage growing financial risks. This article examines the collaboration between climate experts and insurance companies in predicting and responding to climate-related catastrophes.