Soaring Insurance Rates Show Climate Change Is a Pocketbook Issue
Union of Concerned Scientists
DECEMBER 17, 2024
As 2024 winds down, with its parade of climate-and extreme weather-fueled disasters , people across the nation are feeling the sharp pinch of rising insurance premiums and dropped policies. There are other factors at play hereincluding growing development in flood-prone and wildfire-prone areas and fundamental inequities and information gaps in the insurance marketbut all of that is being exacerbated by worsening flooding, wildfires and intensified storms.
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