Council on Foreign Relations (August 25)
2023/ 08/ 27 by jd in Global News
“American homeowners already coping with extreme weather now face a new risk: disappearing property insurance. Private companies have increasingly reduced coverage, concluding that the risks—and potential losses—threatened by climate change outweigh probable profits. As of now, this primarily affects a handful of coastal U.S. states, including California. In other states, insurers have substantially increased the price of property insurance.”
Tags: California, Climate change, Coastal, Coverage, Extreme weather, Homeowners, Potential losses, Private companies, Profits, Property insurance, Risks, U.S.
