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Climate change is to thank for the rising cost in homeowners insurance premiums—and for making homes across the U.S. completely uninsurable, experts agree.
There are several signs that climate change is taking its toll on the insurance industry. The U.S. homeowner’s insurance industry has had three straight years of underwriting losses, according ...
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 ...
The article detailed the vast discrepancies between home insurance prices around the country, showing that while the national average home insurance premium was about 0.5% per $100,000 of the home ...
From 2017 to 2020, the national average home insurance premium in the United States rose by 11.4% while inflation rose by only 7.9% after extreme weather events and secondary catastrophes (which include wildfires, thunderstorms, droughts, flash floods, and landslides) caused $370 billion in inflation-adjusted claims, [142] and the increasing ...
One of the ironies of climate change is that as it is making insurance unavailable or unaffordable for millions of Americans, many homeowners are forced to turn to last-resort insurers who are ...
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