Tuesday, April 22, 2025

Mapped: Climate risks are driving up US insurance premiums

'Tight correlation' between premium rises and counties deemed most at risk from climate crisis, experts say

Comments

More from the December 2024 article ...

... Concern over the climate crisis may evaporate in the White House from January, but its financial costs are now starkly apparent to Americans in the form of soaring home insurance premiums -- " with those in the riskiest areas for floods, storms and wildfires suffering the steepest rises of all. ...

Across all US counties, those in the top fifth for climate-driven disaster risk saw home premiums leap by 22% in just three years to 2023, compared to an overall average of a 13% rise in real terms, research of mortgage payment data has found.

The Guardian has analyzed the study's data to illustrate the places in the US at highest risk from disasters and insurance hikes. ...


[see article for maps]

#1 | Posted by LampLighter at 2025-04-22 05:25 PM

According to the maps, the insurance companies are gouging the crap out of several lower risk areas. Fk the insurance companies! Bunch of crooks.

#2 | Posted by Whatsleft at 2025-04-22 05:33 PM

What the heck happened to Eberly? I'd be interested in his take on this.

#3 | Posted by Whatsleft at 2025-04-22 05:33 PM

Pretty sure this time of year Eberly takes a family vacation and disappears for a few weeks.

#4 | Posted by ClownShack at 2025-04-22 05:37 PM

Related:

Today is Earth Day.

Let us never forget the co-founder of this day, environmental activist Ira Einhorn, who killed and then composted his girlfriend.

#5 | Posted by oneironaut at 2025-04-22 05:50 PM

Years of cheap loans gave people the opportunity to buy/build very expensive homes in areas that have always been susceptible to disasters like hurricanes. Now when a disaster hits, the average replacement cost of a home isn't $175,000, it's more like $400,000. When people bought the higher priced homes based on the low interest notes, they didn't foresee annual insurance policies doubling/tripling. This is what's putting people at risk of losing their homes.

#6 | Posted by lfthndthrds at 2025-04-22 10:04 PM

"Years of cheap loans"

This must be why Trump is demanding Powell lower interest rates!

#7 | Posted by snoofy at 2025-04-22 10:06 PM

"Now when a disaster hits, the average replacement cost of a home isn't $175,000, it's more like $400,000. "

Insurance doesn't cover replacement cost? No.
States improved building codes, and replacing the home as built doesn't meet the new codes.

Maybe the people buying insurance in disaster prone areas should have thought of that, dontcha think?

Anyway, it won't matter much longer, insurance will simply refuse to operate in those areas due to the climate change you don't believe in. Those that do operate will go out of business.

#8 | Posted by snoofy at 2025-04-22 10:08 PM

State Farm pulled out of Florida.

The entire state.

Because of the increased damage it received from climate change.

But sure. It's all a hoax.

#9 | Posted by ClownShack at 2025-04-22 10:51 PM

Maybe the people buying insurance in disaster prone areas should have thought of that, dontcha think?

#8 | Posted by snoofy at 2025-04-22 10:08 PM | Reply | Flag:

Maybe so, but have you ever took a minute to see how many people who supply our country with energy live in these zones? Maybe just pull away from the Gulf coast all together? You fucking raetard. And on another thread you're trying to not only convince people you got an education, but that you paid off all your loans because "you saw this coming". As someone else once said, you couldn't fall out of a boat and hit water.

#10 | Posted by lfthndthrds at 2025-04-23 12:52 AM

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