Moody's Talks - Inside Economics cover image

Fires and Floods with Firas Saleh

Moody's Talks - Inside Economics

CHAPTER

Rising Insurance Premiums: A Climate Crisis

This chapter explores the alarming rise in homeowners and vehicle insurance premiums, primarily driven by climate-related risks. It discusses the implications of increasing costs on homeowners, including the limitations of insurance coverage for flood damage and the financial strain due to rising property taxes. The chapter also highlights the ongoing challenges in urbanization and the need for improved infrastructure to enhance resilience against natural disasters.

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