What’s the context? As climate change fuels growing wildfire threats, prices for coverage are soaring and access to policies weakening This story is …
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Is it the end of insurance in the U.S.?
State Farm, the biggest U.S. home insurance provider, is no longer selling new home policies in California, in part due to wildfire risk. As climate change fuels growing losses from disasters such as wildfires, floods and storms in the United States, access to insurance protection against those threats is becoming increasingly unaffordable – and in some cases unavailable.
As California wildfires worsen, prices for coverage are soaring
Between 2015 and 2021, over 1.3 million Californians had their fire coverage dropped by an insurer. As climate change fuels growing wildfire threats, a growing flood of California homeowners are being forced into the world of last-resort insurance. And the prices can be astronomical.
A federal flood insurance overhaul left U.S. homeowners with eye-popping bills
A federal flood insurance overhaul to adjust for rising climate change risks has left Americans facing eye-popping bills. The new prices could deter people from insuring their property - putting their financial stability, and even their homes, in jeopardy.
What’s the context? A federal flood insurance overhaul to adjust for rising climate change risks has left Americans facing eye-popping bills This story …
Spiking U.S. insurance costs threaten the use of controlled fire
Controlled fire is a crucial tool in reducing risks from climate-fueled wildfires. But the insurance costs are now out of reach for a growing number of the private groups that carry out much of the burning to cut fire risks in the U.S.
Cheap fire Wildland fires blazed through 7.6 million acres in the United States in 2022, according to the National Interagency Fire Center, a level …
Which U.S. postcodes are paying the highest insurance?
As climate change makes storms and flooding ever more intense, which Americans will pay the highest price? Use our interactive tool to find out.
How much does flood insurance cost? Costs vary by state and depend on a property's location, flood history, and other factors. For single-family homes …
How is climate change affecting the insurance market?
What does State Farm's decision to pull back from California mean
State Farm's move "is an indication that insurers didn't view 2017 and 2018 as sort of one-off, terrible-loss years but as a trend of ever-increasing …
