by Daniel Brouse January 12, 2025 The “$1 trillion hole” in homeowners insurance coverage refers to the growing gap between the actual costs of damage caused by natural disasters and the insurance coverage available to homeowners. This coverage gap has emerged due to a combination of factors, many of which are exacerbated by climate change […]
Tag Archives: homeowners insurance
Homeowners Insurance Coverage $1 Trillion Climate Change Hole
Posted in Business, Energy, Environment, Finance, Global Warming, Government, health and wellness, Science
Also tagged climate change, insurance
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A System Under Strain: The Insurance Crisis
by Daniel Brouse January 11, 2025 California Faces Unprecedented Challenges as Los Angeles Wildfires Rage Just days into the devastating wildfires sweeping through Los Angeles, with flames still raging uncontrollably, early damage estimates have already reached a staggering $57 billion. As these fires continue to spread, that figure is expected to climb, highlighting the intensifying […]
Posted in Agriculture, Business, Energy, Global Warming, Government, health and wellness, Science
Also tagged climate change, insurance
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The Los Angeles Wildfires: A Record-Breaking Climate Disaster
by Daniel Brouse January 9, 2025 The Los Angeles wildfires are shaping up to be the most expensive climate disaster in history. Just days into the crisis, with most fires still raging out of control, early damage estimates have already reached a staggering $57 billion. As these fires continue to spread, that figure is expected […]
Posted in Agriculture, Business, Energy, Environment, Global Warming, Government, health and wellness, Science
Also tagged climate change, insurance
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The Cost of Climate Change: Rising Homeowners Insurance Rates
The average annual homeowners insurance premium for a $300,000 house varies widely by state, driven by factors like natural disaster risks, repair costs, and location-specific risks. For example, in states with frequent hurricanes, like Florida, the average premium is exceptionally high, around $10,996. In contrast, Idaho has a more affordable rate, at around $1,636, while […]
Posted in Agriculture, Business, Energy, Finance, Global Warming, Government, health and wellness, Science
Also tagged climate change, insurance, real estate
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Climate Change Wildfires
by Daniel Brouse and Sidd Mukherjee About the 2023 wildfires in Hawaii, Governor Josh Green said, “For perspective, we’ve had six fire emergencies this August, we had six fire emergencies between 1953 and 2003. That’s how- how fast things are changing. I know that there is debate out there whether we should be talking about […]
Posted in Agriculture, Business, Environment, Global Warming, health and wellness, Science, weather
Also tagged climate change, climate-resilient environment, desertification, real estate, soil degradation, trees, wildfires
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How is All Real Estate at Risk From Climate Change?
By Daniel Brouse and Sidd Mukherjee Climate change poses risks to real estate in the United States in various ways, and these risks can affect property values, insurance costs, and overall property resilience. Here are some ways in which all US real estate is at risk from climate change: Sea Level Rise and Coastal Properties: […]
Posted in Agriculture, Business, Energy, Environment, Finance, Global Warming, health and wellness, Science
Also tagged climate change, climate-resilient environment, desertification, flood insurance, flooding, real estate, rising sea level, soil degradation, trees, wildfires
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California Homeowners Insurance Consider Climate Change Prices
California use to only allow a max of 7% increase a year on homeowners insurance… and only base premiums on past payouts on a property. Not anymore. “California will let insurance companies consider climate change when setting their prices, the state’s chief regulator announced Thursday, a move aimed at preventing insurers from fleeing the state […]
Posted in Business, Environment, Global Warming
Also tagged climate change, extreme weather events, flood insurance, flooding, real estate, rising sea level, wildfires, wind
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Climate Change: Insurance Risk
The 9th National Risk Assessment for Homeowners Insurance found climate risks place 39 million U.S. homes at risk of losing their insurance. “Sound pricing is going to make it unaffordable to live in certain places as climate impacts emerge.” “There’s this climate insurance bubble out there,” said Jeremy Porter, the head of climate implications at […]
Posted in Agriculture, Business, Education, Environment, Global Warming, Government, health and wellness, Science
Also tagged climate change, extreme weather events, flood insurance, flooding, real estate, rising sea level, wildfires, wind
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Insurance, and the Lack Thereof
The Washington Post reported, “Home insurers cut natural disasters from policies as climate risks grow“. “Allstate, American Family, Nationwide, Erie Insurance Group and Berkshire Hathaway — have told regulators that extreme weather patterns caused by climate change have led them to stop writing coverages in some regions, exclude protections from various weather events and raise […]
Posted in Business, Global Warming, Science, weather
Also tagged climate change, extreme weather events, flood insurance, flooding, real estate, rising sea level
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