Insurers Are Deserting Homeowners as Climate Shocks Worsen
5 days, 14 hours ago

Insurers Are Deserting Homeowners as Climate Shocks Worsen

New York Times  

Insurers Are Deserting Homeowners as Climate Shocks Worsen Without insurance, it’s impossible to get a mortgage; without a mortgage, most Americans can’t buy a home. Alaska Fla. Hawaii NONRENEWAL RATES, 2023 1 in 200 1 in 100 1 in 50 1 in 25 State rate shown Wash. Maine N.D. Mont. Nev. Utah Colo. Calif. Kan. Okla. Ariz. N.M. Texas Alaska Hawaii NONRENEWAL RATES, 2023 1 in 200 1 in 100 1 in 50 1 in 25 State rate shown Wash. Maine N.D. Mont. High risk High risk 1 in 65 Moderate 1 in 100 Moderate Low Low 1 in 200 2018 2020 2023 2018 2020 2023 Areas facing greater fire risk had higher nonrenewal rates. High risk 1 in 65 policies not renewed Moderate 1 in 100 Low 1 in 200 2018 2020 2023 Areas facing greater hurricane risk had a large spike in nonrenewals.

Insurance Climate 2018 Homeowners Texas City Iowa Risk Ohio Forest State Maine Utah 2023 Rates 100 His House Hawaii Idaho High Risk Insurers State Farm Wildfire Risk Her Insurer Silver City Climate Shocks Rosati Hawaii Nonrenewal Rates Nonrenewal Greater Hurricane Risk Zimmel 25 State Rate Nonrenewal Rates Homesite Higher Nonrenewal Rates Greater Fire Risk Moderate Low Low 1  shocks  homeowners  insurance  100  insurers  deserting  state  nonrenewal  risk  2018  city  2023  climate  worsen  rates  forest

Discover Related