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As disasters linked to climate change become more frequent in the U.S., homeowners across the country are paying the price through skyrocketing insurance costs — and not only in states like ...
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 ...
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 ...
CEO Daily insight: Climate stability and the insurance market Good morning. The wildfires in Los Angeles have killed people, destroyed thousands of homes, and are now likely to exceed $50 billion ...
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.
Many climate change impacts have been observed in the first decades of the 21st century, with 2024 the warmest on record at +1.60 °C (2.88 °F) since regular tracking began in 1850. Additional warming will increase these impacts and can trigger tipping points , such as melting all of the Greenland ice sheet .
Climate change goes from being a theory that many doubt to a financial reality. Right now the insurance companies are adjusting as much as possible within the business model they have.
Public opinion on climate change is related to a broad set of variables, including the effects of sociodemographic, political, cultural, economic, and environmental factors [3] as well as media coverage [4] and interaction with different news and social media. [5]