How climate risks are driving up insurance premiums around the US – visualized
‘Tight correlation’ between premium rises and counties deemed most at risk from climate crisis, experts say
Concern over the climate crisis may evaporate in the White House from January, but its financial costs 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 mounting toll of severe hurricanes, floods, fires and other extreme events has caused average premiums to leap since 2020, with parts of the US most prone to disasters bearing the brunt. A climate crisis is starting to stir an insurance crisis.
Across all US counties, those in the top fifth for climate-driven disaster risk saw home premiums leap by 22% in just three years to 2023, compared to an overall average of a 13% rise in real terms, research of mortgage payment data has found. The Guardian has analyzed the study’s data to illustrate the places in the US at highest risk from disasters and insurance hikes. (snip)
“This has been the canary in the climate coalmine, and it’s now hitting households’ pocketbooks,” said Ben Keys, an economist at the University of Pennsylvania’s Wharton School and co-author of the research. “You can deny climate change for whatever motivations you have but when insurance is going up because you live in a risky area, that’s hard to deny.” (snip-MORE)
The graphics on this article are Amazing, and should be seen. But I couldn’t get them to embed this time, so please click through.
https://www.theguardian.com/environment/2024/dec/05/climate-crisis-insurance-premiums
Scottie's Playtime 
I’m not a big fan of giving The Guardian clicks, but I did check that out. Wow.
This is why, in case you aren’t aware: https://rejserin.medium.com/is-the-guardian-transphobic-yes-and-no-4fefc796eaef
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I remember you writing about that here before, and I try to keep that in mind-along with the number of normalizing Trump headlines since mid-October grrr-to keep the Guardian links few to none. Recently, I’ve seen trans-empathetic and -positive headlines, and have posted a few of them. I can’t read The Medium without signing up and if I sign up for one more platform, I will explode! But I’m working on only climate or trans-positive stuff from the Guardian for my posts. Almost all of the news has gone to the whore side over the waning weeks of election season, and it’s hard to find news. No worries about reading this unless you need to know for homeowners insurance, and also please post protests whenever I post one and you feel like posting it. We need the broadening of horizons, as The Guardian has really been the go-to for many people who care about news. But they’ve been failing over the past few months as to news, and as you point out, as to fairness.
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FWIW: That link is not a member only story, but the gist is this first paragraph:
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I got it! I’d not closed the tab when I wrote back here, and when I saw it, I saw the X in the righthand corner of the blocker, and I got the story. It underlined what I’d been seeing since you mentioned that here before. US writers, not much problem. Other writers, problem. And, again, the Guardian is not as dependable a news source as it has been anyway, so.
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Also, as I am a Medium member, any link I provide to a member only story will be a “friend” link, as in no paywall.
Not a homeowner, and of course I’ll share protest info.
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Thank you, Janet!
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Hi Ali. I never sign up just to read an article. I will instead just copy the headline and do a search for the story in a different paper. Almost always I get a bunch of free to read posts of the story. Hugs.
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