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 […]
Tag Archives: insurance
The Cost of Climate Change: Rising Homeowners Insurance Rates
Posted in Agriculture, Business, Energy, Finance, Global Warming, Government, health and wellness, Science
Also tagged climate change, homeowners insurance, real estate
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Climate Change’s Impact on Florida Insurance
Hurricane Milton is expected to cause over $100 billion in insurance claims, creating even more challenges for Florida homeowners in obtaining insurance. On top of that, the cost to the public and government is projected to exceed an additional $50 billion, adding to the financial strain on taxpayers and the state. Much of the damage […]
Posted in Business, Environment, Global Warming, Government, Science
Also tagged climate change, extreme weather events, flood insurance
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Inflation Update: Auto Insurance
by Daniel Brouse In recent inflation reports, homeowners’ insurance, wages, and auto insurance have emerged as primary drivers contributing to the persistence of inflation. The inflationary pressures on auto insurance have been further exacerbated by two key factors: 1) Collision coverage: The prevalence of accidents caused by distracted driving, particularly due to cell phone usage, […]
Posted in Business, Environment, Global Warming, health and wellness, Science
Also tagged climate change
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The Cost of Climate Change: USD 178 trillion
“Time is no longer running out to act on climate change; it’s up,” reports Deloitte. Unchecked climate change could cost the global economy USD 178 trillion over the next 50 years. “The human costs would be far greater: a lack of food and water, a loss of jobs, worsening health and well-being, reduced standard of […]
Posted in Energy, Environment, Global Warming, health and wellness, International, Medicine, Science
Also tagged Business, climate change, costs, real estate
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Climate change jumps to biggest risk for insurers.
Casualty Actuarial Society 12th Annual Survey of Emerging RisksKey Findings Top Current Risk 1.Climate change 12th-emerging-risk-survey
When Storms Collide
October 29, 2012 — The worst case scenario is about to take place for the New Jersey Shore. Hurricane Sandy is expected make landfall during high tide. Part of the Atlantic City boardwalk has already been washed away. October 26, 2012 — Though hurricane Sandy has been downgraded, there is a chance the Northeastern United […]
Posted in weather
Also tagged danger, flood insurance, Hurricane Sandy, Jersey Shore, New Jersey evacuations, storm warming, warnings
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