First Street's assessment shows climate disasters in the US driving up mortgage foreclosures through rising insurance costs, flood damage, and credit risk, threatening housing market stability.

Homeowners insurance premiums in Texas have surged due to increased extreme weather events and regulatory challenges, impacting affordability and market stability.

From 2021 to 2024, Utah homeowners saw nearly $700 average annual insurance premium increases amid climate risks and housing affordability challenges. This report highlights regulatory and market trends shaping property insurance.