climate risk

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Amid LNG’s Gulf Coast expansion, community hopes to stand in its way
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Photo by Gus Ruballo on Unsplash

Why California’s housing market is destined to go up in flames

High costs and strict regulations are pushing development into fire country, putting homeowners in the crosshairs of climate change.
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Photo by Greg Johnson on Unsplash

Climate change has sent Texas homeowner insurance rates skyrocketing

Texas rates have increased 22% on average so far in 2023, twice the national rate. More billion-dollar disasters have occurred in Texas this year than any other year on record.
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ECB threatens 20 banks with fines after climate-risk warning

The European Central Bank has warned about 20 lenders that it will impose fines unless they address shortcomings in their management of climate risk, according to people familiar with the matter.
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Photo by Kostiantyn Li on Unsplash

As climate shocks grow, lawmakers investigate insurers fleeing risky areas

Faced with growing losses from hurricanes, floods and wildfires, major insurance companies are pulling out of California, Florida and Louisiana — a shift that threatens to undermine the economies of those states.

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Government shutdown may hurt home sales in flood-prone areas

Congress funds a flood insurance program that many home buyers in risky areas rely on. The money is about to run out, a real estate trade group warned.
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California tries for a different path than Florida on insurance

State officials trying to figure out how to stem the exodus of property insurers from wildfire-prone areas are looking with trepidation at hurricane-ravaged Florida.
Property insurance disappears for Louisianans

Property insurance disappears for Louisianans – but not for gas facilities

Oil and gas facilities along the Gulf coast have long been a major market for speciality insurance carriers.