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From 1980 to 2005, weather-related claims to the National Flood Insurance Program (NFIP) cost $34.1 billion in constant 2005 dollars, which represented 11% of all weather-related insurance losses in the United States during the period and the NFIP's exposure to weather-related losses quadrupled to $1 trillion in 2005.
An 18th-century fire insurance contract. Property insurance can be traced to the Great Fire of London, which in 1666 devoured more than 13,000 houses.The devastating effects of the fire converted the development of insurance "from a matter of convenience into one of urgency, a change of opinion reflected in Sir Christopher Wren's inclusion of a site for 'the Insurance Office' in his new plan ...
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The annual average temperature across the state ranges from around 39 °F (4 °C) over the Adirondack Mountains to near 53 °F (12 °C) across the Hudson Valley and Long Island, to around 56 °F (13 °C) within New York City. [2] Weather in New York is heavily influenced by two air masses: a warm, humid one from the southwest and a cold, dry ...
The cost of auto and home insurance is increasing, in part, due to extreme weather frequency, but many household costs, like increased utility bills and evacuation expenses, are not covered by ...
Homeowners insurance premiums are up 300% in California since before the pandemic, insurance exec says. The uninsurable housing market: 26% of homeowners worry climate change will put them ...
Being a coastal city, New York City is expected to experience significant effects from rising sea levels. Predictions that the sea level will rise by as much as 6 feet (1.8 m) by 2100 have prompted the city's mayor to invest $10 billion into keeping the city safe. [30]