Browsing: natural disasters

Worsening wildfires driven by climate change are causing home insurance rates to skyrocket in California, with other states feeling the pressure, too. Here’s how climate change is reshaping home insurance in California and across the U.S.

AXA CEO Thomas Buberl emphasizes the importance of mitigating natural disasters to maintain affordable property insurance in climate-vulnerable regions.

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.

Despite the state’s vulnerability to various types of flooding, a surprisingly small percentage of California homeowners carry flood insurance compared to other states.

Despite potential flood risks, a relatively small percentage of California homeowners carry flood insurance, leaving many vulnerable to water damage.

A call for national climate catastrophe insurance in the face of growing challenges.

While home insurance rates surge across the nation due to climate change-related disasters, Maine has seen a decrease, earning it top marks for climate stability, according to a recent report.

Economic losses from U.S. natural disasters in 2024 reached unprecedented levels, highlighting the increasing financial strain of climate change and the need for preparedness.

Axa SA Chief Executive Officer Thomas Buberl says that proactive measures to reduce the impact of climate-related disasters are necessary to keep property insurance affordable.

The state-based insurance regulatory framework is undergoing significant stress due to increasing natural disasters, prompting debate about the roles of federal and state governments in managing catastrophic risks. This article examines the challenges and potential changes within the US insurance sector.