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florida hurricanes insurance climate
Photo by Mick Haupt on Unsplash

Florida could soon become uninsurable—and other states will likely follow

As climate change exacerbates the frequency and severity of events like droughts, floods, tornadoes, and hurricanes in the U.S., the reality Floridians and insurers in the state are working with is quickly changing.

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florida insurance hurricanes
Photo by Quick PS on Unsplash

Hurricanes and climate change are fueling Florida's insurance crisis

There are many contributors to Florida’s insurance crisis. One of the biggest contributors are huge insurance payouts attached to yearly storm damage following hurricane season, exacerbated by climate change.

Home insurance costs rise faster in Florida than any other state

Anyone in Florida who has opened a home insurance bill in the last few years knows premiums have been skyrocketing. New estimates from a data analysis company shows they’ve actually been rising faster than in any other state — a lot faster.

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