If there is an epicenter of disaster risk and ballooning insurance in the US, it’s to be found along the Gulf of Mexico coast and, in particular, Florida, the state where home insurance costs more than $11,000 a year on average, surging by 42% just in 2023.
Reposted from
Brent Toderian
The financial costs of the #ClimateCrisis “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.”
“A climate crisis is starting to stir an insurance crisis.”
“A climate crisis is starting to stir an insurance crisis.”
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