The Rising Cost of Homeowner Insurance in a Changing Climate

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This chapter examines the effects of climate change on the insurance sector, focusing on homeowner insurance challenges. It reveals how increased extreme weather events and economic pressures have led insurers to raise premiums or exit high-risk areas, creating affordability issues for homeowners.

Start-ups, legacy groups and policymakers are working out how to operate in areas of rising weather risks, and start-up failures shot up 60% in the past year. Plus, top international fashion brands are shifting orders away from Bangladesh because of recent political turmoil.

Mentioned in this podcast:

FT series: the Uninsurable World

Global fashion brands cut Bangladesh orders after turmoil

Start-up failures jump by 60% as founders face hangover from boom years

The Democratic National Convention hits Chicago

The FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help from Molly Nugent, Andrew Edgecliffe-Johnson, Breen Turner, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Monica Lopez. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.

Read a transcript of this episode on FT.com

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