Climate-fueled insurance hikes are fueling delinquent mortgages, study finds

New research shows that higher insurance premiums increase the probability of people falling behind on their mortgages.

The cost of insuring homes against natural disasters is spiking along with atmospheric temperatures and carbon dioxide levels.

Experts say it’s fueled, in large part, by the disastrous effects of human-caused climate change.

Researchers have found that higher insurance rates affect the availability of affordable housing.

An August 2024 report by the Congressional Budget Office noted that in 2023 , 30 percent of losses from natural disasters went uninsured.

Researchers found that the effect of premium increases on mortgage delinquency is twice as large for borrowers with a high loan-to-value ratio.