Climate change is one of the causes of California’s insurance problems, but it should share the spotlight with interest rates these days.
Tag: wildfires and insurance
Pandemic Housing Boom Puts More U.S. Buyers in Path of Wildfires
Americans looking for larger properties during the pandemic are moving to rural towns and suburbs — and driving up the price of homes with high fire risk. The median sale price of US homes with high fire risk was $550,500 in April, compared with $431,300 for homes with low fire risk, according to a recent… Continue reading Pandemic Housing Boom Puts More U.S. Buyers in Path of Wildfires
Why Snow, Hail and Wildfire Are Expensive for the Insurance Industry
If you’re having trouble wrapping your mind around the spree of natural catastrophes currently plaguing the world—from deadly July floods in Germany and China to the wildfires still burning in Greece, California and Siberia —you may be interested to know the professional risk calculators are too. Climate change is exacerbating extreme and freak weather events… Continue reading Why Snow, Hail and Wildfire Are Expensive for the Insurance Industry