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The insurance industry has been criticized by environmental activists and Democratic Party lawmakers for continuing to provide coverage to fossil fuel companies, while Republican Party lawmakers have criticized the industry for curbing policy coverage to oil-and-gas companies (even though most U.S. insurance companies have generally refrained from doing so in contrast to insurers ...
Faced with losing coverage at a time when insurers are either not writing new California policies or have been raising rates dramatically to account for the increased risks posed by climate change ...
Insurance firm Nationwide last year did not renew around 10,000 policies in parts of North Carolina due in part to risks posed by climate change and hurricanes. "Insurance companies are having to ...
When Michael Monaghan, a real estate agent with Coldwell Banker Sellers Realty in northern California, got an offer for a home in Bayside at the seller’s $650,000 list price in September, he ...
American homeowners and renters are paying more for home insurance due to an increase in disastrous weather events triggered by climate change. Since 1980, the first year on record, "the U.S. has...
Climate risk insurance is a type of insurance designed to mitigate the financial and other risk associated with climate change, especially phenomena like extreme weather. [ 1 ] [ 2 ] [ 3 ] The insurance is often treated as a type of insurance needed for improving the climate resilience of poor and developing communities.
The researches stated that future evaluations of climate change effects should focus on the magnitude of vertical wind shear for answers. [50] The frequency of tornadoes in the U.S. has increased, and some of this trend takes place due to climatological changes though other factors such as better detection technologies also play large roles.
Opinion: Climate change is tied to higher rates and canceled coverage, so insurers ought to lead the end-fossil-fuel charge, writes Cathy Cowan Becker