Millions of US homes uninsured as climate risks grow
#HomeInsurance #ClimateRiskMillions of U.S. homeowners are forgoing insurance amid rising costs from extreme weather like wildfires and floods. This leaves families financially vulnerable to disasters. NPR seeks personal stories about coverage decisions and insurer experiences for reporting. read more
California insurers have high denial rates for wildfire claims_ERRORS
#California #homeinsuranceSome major home insurance companies in California denied more claims than the national average in 2023. California has introduced a rule preventing insurers from dropping wildfire victims for a year after reports revealed high claim denial rates. read more
Home Insurance Rates Rise 11.3% in 2023 Due to Factors
#HomeInsurance #ClimateChangeHome insurance rates in the US are expected to continue rising due to climate change, housing development in risky areas, and inflation. Insurers fear future risks linked to climate-related disasters, while housing in disaster-prone regions is a significant contributor to spiking insurance costs. read more
American Home Insurance Rates Spike 11.3% in 2023
#HomeInsurance #InsuranceIncreasesHome insurance rates in the US are expected to keep rising due to climate change, where homes are built, and inflation. Insurers face increasing risks from weather patterns, storm damages, and rising costs. Residents are advised to consider storm-proofing and bundling insurance for better rates. read more