U.S. Homeowners Face Growing Crisis as Insurers Withdraw from Climate Risk Zones
U.S. insurers are increasingly refusing to cover properties in high-risk climate zones due to the rising frequency of extreme weather events, leading to a surge in nonrenewals, especially in states like California and Florida. This trend is causing a broader insurance crisis, impacting mortgage access, property values, and community resilience, with the government beginning to intervene to manage risks and support affected areas.
