Extreme weather events are leading to increased insurance premiums for homeowners in disaster-prone states like Florida and across the U.S. Insurers are facing financial losses due to climate shocks, driving up costs by as much as 50% or more. The upcoming Atlantic hurricane season is predicted to be hyperactive, with concerns raised about the severity of storms. Insurers are struggling to cope with the rising costs of damages caused by extreme weather, leading to premium hikes and potential withdrawal from states altogether.
The Eastern Pacific hurricane season is underway as the National Hurricane Center monitors two areas of disturbed weather that could merge into one disturbance this weekend. FOX Weather meteorologist @AriWeather has the latest. #HurricaneHQ https://t.co/mqRBXW86zl
A worrisome sign for hurricane season: Ocean waters between Africa and South America, where some of the meanest storms form, are already at August levels. See our hurricane season preview: https://t.co/VBz3yg289P https://t.co/qGuVQTSuHN
Our new hurricane season outlook is in, and it's trending in the wrong direction: https://t.co/nGnbcXXsct
Typical of one of the three peak months of #hurricane season, but still two weeks before hurricane season "begins". With a pronounced trend -> La Niña. 2024 = Yeesh. https://t.co/cBrZc52l1N
By the books, Atlantic hurricane season starts in just two weeks. It could be more than just above-average… in fact, there’s a risk of it being “hyperactive.” Here’s how to prepare ahead of time: https://t.co/Ewb93luuEN
As climate change produces more extreme weather, insurers are losing money around the U.S. even in states with low hurricane and wildfire danger. The result is insurers are raising premiums by as much as 50% or more or leaving entire states altogether. https://t.co/K7eRV1poQM
Canadians and insurers are spending billions as a result of the increasing frequency and severity of extreme weather events. What to know. READ MORE: https://t.co/V5OIpoDuth https://t.co/V5OIpoDuth
More frequent extreme weather across the U.S. is starting to cause the home insurance market to buckle, even for those who have paid their premiums year after year. Our reporter explains one of the most consequential effects of the changes on "The Daily." https://t.co/SdOWRKLmGN
Extreme weather causing billions of dollars in damage, driving up insurance premiums: StatsCan. Homeowner insurance increasing at a rate higher than inflation, report says. https://t.co/f6L51c0RIy #cdnpoli #cabontax #climatechange #climatecrisis Find out more at… https://t.co/bGdEiQxwE3
The upcoming Atlantic hurricane season isn’t looking good: “storms over the last couple of years really emphasized how flooding and wind are a huge factor…It's all driving up the cost of insurance” https://t.co/6xTkSl9Xpi
As insurers around the US (including #Florida) bleed cash from climate shocks, homeowners lose https://t.co/dye7eKTiBa via @cflav
Today marks the first day of the eastern North Pacific (ENPAC) hurricane season, and we see one area of disturbance given a 30% chance to develop next 7 days. Guidance shows it stays offshore for now. https://t.co/jQmUkFnkjN
With extreme weather comes extreme insurance premiums for homeowners in disaster-prone states. https://t.co/eYHBTXCulm