Climate Change Increases Homeowners' Insurance Costs
This is a U.S. news story, published by CBS News.
U.S. news
For more U.S. news, you can click here:
more U.S. newsclimate change news
For more climate change news, you can click here:
more climate change newsCBS News news
For more news from CBS News, you can click here:
more news from CBS NewsAbout the Otherweb
Otherweb, Inc is a public benefit corporation, dedicated to improving the quality of news people consume. We are non-partisan, junk-free, and ad-free. We use artificial intelligence (AI) to remove junk from your news feed, and allow you to select the best science news, business news, entertainment news, and much more. If you like climate change news, you might also like this article about
average homeowners insurance premium. We are dedicated to bringing you the highest-quality news, junk-free and ad-free, about your favorite topics. Please come every day to read the latest insurance costs news, insurance crisis news, climate change news, and other high-quality news about any topic that interests you. We are working hard to create the best news aggregator on the web, and to put you in control of your news feed - whether you choose to read the latest news through our website, our news app, or our daily newsletter - all free!
higher insurance costsCBS News
•As climate risks mount, homeowners far beyond California face soaring insurance bills
85% Informative
The average homeowners insurance premium in the U.S. has jumped 33% from 2020 to 2023, research shows.
Climate change is heightening the conditions that lead to fire-conducive weather, including drying out vegetation and constraining water supplies.
Even property owners in states considered less vulnerable to climate disasters are grappling with increased insurance costs and dropped policies.
Most Americans in the U.S. who own a home also have property insurance because such coverage is required by mortgage lenders.
But as climate-related disasters proliferate, insurers are readjusting their risk models and boosting premiums.
As wildfires, hurricanes and other weather events become more intense, it's likely that insurance access and affordability will also worsen.
VR Score
88
Informative language
89
Neutral language
58
Article tone
formal
Language
English
Language complexity
62
Offensive language
not offensive
Hate speech
not hateful
Attention-grabbing headline
not detected
Known propaganda techniques
not detected
Time-value
short-lived
External references
4
Affiliate links
no affiliate links