Jessica Garcia is a senior policy analyst for climate finance at Americans for Financial Reform Education Fund.
In an era of climate disasters, Americans in vulnerable regions will need to rely more than ever on their home insurance. But as floods, wildfires, and severe storms become more common, a troubling practice known as “bluelining” threatens to leave many communities unable to afford insurance—or obtain it at any price.
In 2024, the national average home insurance cost rose about 23% above the cost of similar coverage last year. Homeowners across more and more states are left grappling with soaring premiums or no insurance options at all. And the lack of federal oversight means there is little uniformity or coordination in addressing these retreats. This situation will demand a radical rethink of how we approach investing in our communities based on climate risks.
Climate Justice Discrimination Extreme Weather Fossil Fuels Insurance Industry Redlining Renewable Energy Climate Emergency
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Are insurance mailings promising to cut homeowners insurance a bait and switch?You know those insurance agents who send you ultra low, unsolicited homeowner's policy premiums? They are teaser rates that don't represent reality.
Read more »
Surging weather disasters disrupt insurance models, driving up home insurance by 23%Weather pattern changes are now affecting nearly every corner of the country as people face more severe hurricanes, flooding and wildfires.
Read more »
Surging weather disasters disrupt insurance models, driving up home insurance by 23%Weather pattern changes are now affecting nearly every corner of the country as people face more severe hurricanes, flooding, and wildfires.
Read more »
Health Insurance 101: How to Choose Health Insurance if You Have Asthma7 questions to explore when you’re evaluating health insurance options for asthma care
Read more »
Shiba Inu Partner Issues Major Development UpdateShiba Inu's latest partner shares latest network security move
Read more »
Wage insurance: A promising policy for displaced workersEach year, millions of workers are displaced due to technological advancements, international competition, offshoring, and regulatory changes. These shifts can devastate workers, particularly those with specialized skills and long tenures.
Read more »