climate risk
Newsletter
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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.
Newsletter
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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.
Newsletter
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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.
Newsletter
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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 – but not for gas facilities
Oil and gas facilities along the Gulf coast have long been a major market for speciality insurance carriers.
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