The US Home Insurance market might be in some serious trouble.

Was listening to an episode this morning of The Daily and it discusses the increasing impact of climate change on the insurance industry. They talk about how climate change-induced natural disasters, such as wildfires, hurricanes, and floods, are causing insurance companies to reassess their risk models and coverage policies. As these events become more frequent and severe, insurance premiums are rising, and some regions are becoming uninsurable. In 18 states over the past decade insurance companies lost money and it's only getting worse. This could have major ramifications on the housing market and economy as a whole.


Leave a Reply

Your email address will not be published. Required fields are marked *