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Insurance Rates Are Soaring for US Homeowners in Climate Danger Zones
Research shows the soaring costs hint at widespread, unpriced risk as the global climate warms, with states like California, Florida and Louisiana hit hardest.
Overnight Ian had moved slowly and violently over the state’s interior, dropping historic amounts of rain, after coming ashore in southwest Florida as a category 4 hurricane, its high winds and storm surge flattening coastal communities there. Growing evidence suggests the soaring costs only hint at the widespread unpriced risk facing homeowners as the warming climate leads to rising seas and more damaging hurricanes and wildfires. “Florida is one of the riskiest places from a climate impact standpoint that you can live in,” said Rob Moore, director of the flooding solutions team at the Natural Resources Defense Council.
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