Tag: climate risk

Hawaii Property Insurance Market Faces Climate-Driven Instability and Rising Costs

Hawaii's property insurance market is destabilized by climate disasters and aging housing, with rising premiums and insurer withdrawal threatening market access and affordability. Report highlights policy strategies for financial accountability and resilience.

Activist Shareholders Propose Chubb Consider Litigation Over Climate-Driven Catastrophe Losses

Activist shareholders have filed a proposal for Chubb to evaluate suing major oil and gas companies over climate-related catastrophe losses, reflecting insurance industry concerns on climate risk and litigation.

Florida Homeowners Face Insurance Challenges Amid Climate-Driven Market Shifts

Florida homeowners face rising insurance premiums and coverage challenges linked to climate risks and market shifts, highlighting the need for resilient building codes and insurance reform.

Climate Risks Drive Challenges in U.S. Homeowners Insurance and Property Valuation

Explore how climate-driven natural disasters challenge U.S. homeowners insurance, impacting premiums, coverage availability, and property valuations amid evolving housing finance risks.

California Home Insurance Costs Shift as Climate Risk Models Gain Use

California's median home insurance remains moderate but reforms allowing climate risk models will likely increase premiums and affect coverage, especially in fire-prone areas.

California Home Insurance Costs Moderate but Rising with New Climate Risk Rules

California's home insurance premiums remain moderate compared to hurricane-prone states, but new regulations allowing climate risk-based pricing may increase costs and reshape coverage availability.

California Home Insurance Costs Moderate but Set to Rise with Climate Risk Reforms

California's home insurance costs remain moderate but are expected to rise due to new regulatory reforms allowing insurers to use climate risk models, impacting affordability and coverage availability for homeowners, especially in fire-prone areas.

Climate Risks Challenge Retirement Planning as Homeowner Insurance Costs Surge

A new study reveals one in four Americans rank extreme weather and rising insurance costs among top retirement risks, while many lack proper financial strategies. Rising homeowner insurance premiums reflect increasing climate-related claims, affecting coverage and affordability. Experts urge integrated planning for these emerging risks.

Historic Redlining and Contemporary Climate Risks Fuel Home Insurance Exclusion

Explore how historic redlining and climate change-driven risks are reshaping home insurance access in the U.S., with disproportionate impacts on communities of color and emerging regulatory challenges.

Oklahoma Homeowners Face Rising Insurance Costs Amid Regulatory Review

Oklahoma homeowners face rising insurance premiums driven by weather events and regulatory structures. Legislative proposals target market oversight and affordability.