Friday, April 25, 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

Posted by lamplighter at 05:31 PM | 28 COMMENTS | permalink

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You can ignore climate change. But it doesn't ignore you. These insurance spikes were not only foreseeable, but foreseen. States didn't act, and now the cost is being borne by the most vulnerable. It will get much worse. www.washingtonpost.com/climate-envi ...

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-- Sean Casten (@seancasten.bsky.social) April 21, 2025 at 8:25 PM

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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 ------- 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

"Maybe so, but have you ever took a minute to see how many people who supply our country with energy live in these zones?"

What does that have to do with anything?

"Maybe just pull away from the Gulf coast all together?"

Why not? Insurance doesn't owe you a damn thing. Pull out, that's what business does when business sucks and can't be recovered. It leaves. You laugh at poor people and their food deserts. Enjoy life in your insurance desert.

The best part is you still think global warming is a hoax, which means you're once again a victim of liberals.

On the topic of power, since Trump won't release FEMA aid when it's needed, those power workers probably won't be fixing the power lines quite as much as they count, since there will be no one to pay them.

So enjoy your extended summer blackouts too. Make sure your generator works ahead of time.

The economy is gonna be exactly what Trump promised, exactly what you think this country needs:
"ONLY THE WEAK WILL FAIL!"

#11 | Posted by snoofy at 2025-04-23 02:21 AM

Insurance Industry is Quietly Making Record Profits - News
Illinois Trial Lawyers Association
https://iltla.com ...
Jun 18, 2024 " Highlights. The p/c insurance industry made a record $88 billion in profits in 2023, even as companies jacked up rates for policyholders.

But sure, climate change is hurtin' e'rybody...

#12 | Posted by itchyp at 2025-04-25 05:56 PM

But sure, climate change is hurtin' e'rybody...

#12 | Posted by itchyp

Now do florida.

Why do you think your leader went from denying climate change to wanting to take over canada and greenland?

#13 | Posted by SpeakSoftly at 2025-04-25 06:02 PM

@#12 ... But sure, climate change is hurtin' e'rybody... ...

OK, everybody except the insurance industry, which can just raise prices.


#14 | Posted by LampLighter at 2025-04-25 06:23 PM

If ItchyP doesn't work for/invest in dirty energy, well, either way, he's still a fcnking idiot

#15 | Posted by hamburglar at 2025-04-25 06:43 PM

@#12 ... But sure, climate change is hurtin' e'rybody... ...

Some areas are hurt worse, much worse, than other areas.

See the map in the article.

#16 | Posted by LampLighter at 2025-04-25 06:45 PM

If liberals believed climate change was real, they would not be vandalizing Tesla. Shove your fake religion up your ass.

#17 | Posted by ScottS at 2025-04-25 07:27 PM

Perhaps you should explain how vandalizing Teslas indicates you don't believe in climate change.

#18 | Posted by ClownShack at 2025-04-25 07:30 PM

"Perhaps you should explain how vandalizing Teslas indicates you don't believe in climate change.
#18 | Posted by ClownShack"

No need - it is self explanatory. If you don't get it already, you are not capable of getting it ever.

#19 | Posted by ScottS at 2025-04-25 07:39 PM

Well duh.

When FEMA doesn't help, it's gonna cost more for the homeowners to fix.

#20 | Posted by snoofy at 2025-04-25 08:04 PM

@#19 ... No need - it is self explanatory. ...

I agree. It is self-explanatory.

It has a lot to do with, all to do with?, Mr Musk wreaking havoc with his chainsaw upon the Federal government, and little to do with Tesla as an EV car company.


So, yes, self-explanatory.

Thanks for bringing up this side-topic in #17.


#21 | Posted by LampLighter at 2025-04-25 08:15 PM

"t has a lot to do with, all to do with?, Mr Musk
#21 | Posted by LampLighter"

By vandalizing vehicles already sold by Telsa - many 5+ years ago, they are hurting Musk how exactly? Sounds like a toddler throwing a tantrum and destroying his own toys or BLM burning down their own neighborhoods.

#22 | Posted by ScottS at 2025-04-25 08:20 PM

@#22 ... By vandalizing vehicles already sold by Telsa - many 5+ years ago, they are hurting Musk how exactly? ...

I dunno.

Your current trolling alias was the one who said it was self-explanatory, not me.

#23 | Posted by LampLighter at 2025-04-25 08:33 PM

"#23 | Posted by LampLighter"

It is - it is proving that they don't believe in climate change.

#24 | Posted by ScottS at 2025-04-25 08:37 PM

It is - it is proving that they don't believe in climate change.

#24 | Posted by ScottS

How?

It's proof that don't beleive in fascist oligarchy.

#25 | Posted by SpeakSoftly at 2025-04-27 01:23 PM

It is - it is proving that they don't believe in climate change.

It does not matter whether YOU believe in climate change.

It's whether climate change believes in YOU!

#26 | Posted by donnerboy at 2025-04-27 01:27 PM

It is - it is proving that they don't believe in climate change.
#24 | Posted by ScottS

Hold up.
Is climate change real?
???

#27 | Posted by snoofy at 2025-04-27 01:43 PM

If liberals believed climate change was real, they would not be vandalizing Tesla.

#17 | Posted by ScottS

There are other EV manufacturers.

#28 | Posted by Whatsleft at 2025-04-28 02:17 PM

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