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Insurance companies are canceling homeowner policies across the U.S. — even in regions that aren't considered climate hot spots. Insurance companies are canceling homeowner policies across the U ...
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 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 ...
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...
Investors largely (and logically) assume that insurance markets are pricing physical risks, so pension funds, investment managers, banks, and even real estate companies have historically not ...
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. [ 22 ] [ 23 ] [ 24 ] The insurance is often treated as a type of insurance needed for improving the climate resilience of poor and developing communities.
Wolf and her husband acted quickly, securing additional fire insurance coverage for roughly $7,000 a year, but AAA then embarked on a full policy review that required an inspection of the property.
The survey found homeowners living in areas most at risk paid an average annual premium of $2,321, 82% higher than those who lived in areas least likely to be hit by damaging weather events.