"Rising Home Insurance Costs: How Climate Change is Impacting Your Wallet"
Originally Published 1 year ago — by Daily Mail
US home insurance rates are projected to reach a record high of $2,522 by the end of 2024, with some states facing premiums as high as $12,000 due to escalating natural disasters, insurers pulling out of certain areas, and higher fees for home repairs. Florida and Louisiana are among the worst affected, with premiums expected to rise by 7% and 23% respectively. Climate change is increasing the severity and frequency of extreme weather events, leading to a surge in insurance costs and making some high-risk areas potentially uninsurable.