Three people walk by a home damaged by Hurricane Michael in Mexico Beach, Fla. in 2018. Last year, home insurance rates in Florida were over three times the national average.
Hector Retamal/AFP via Getty Images
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Hector Retamal/AFP via Getty Images
Three people walk by a home damaged by Hurricane Michael in Mexico Beach, Fla. in 2018. Last year, home insurance rates in Florida were over three times the national average.
Hector Retamal/AFP via Getty Images
A warming planet is making storms and wildfires more intense, and more destructive. That’s making homeowners insurance more expensive and harder to find.
Insurance companies are raising their rates because, they say, they need to cover increasing losses from extreme-weather-related property damage.
This week the U.S. Department of Housing and Urban Development is holding a summit to address this spike in premiums. HUD Acting Secretary Adrianne Todman explains what the federal government is looking to learn.
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This episode was produced by Kathryn Fink and Rebecca Hersher. It was edited by Patrick Jarenwattananon and Neela Banerjee. Our executive producer is Sami Yenigun.
Clinton Mora is a reporter for Trending Insurance News. He has previously worked for the Forbes. As a contributor to Trending Insurance News, Clinton covers emerging a wide range of property and casualty insurance related stories.