As a result of the increased risk posed by climate change, the premiums on certain properties have increased to the point that they are no longer affordable.
It is getting more expensive for people in the United States to insure their houses since climate change is making natural catastrophes more likely to strike the country. According to the experts, this trend is only going to become worse in the future. According to Jeremy Porter, chief research officer of First Street Foundation, a non-profit organisation whose mission is to define the climate risks facing the United States, "These things are occurring more often, and they're inflicting more harm." According to the National Oceanic and Atmospheric Administration, there were a total of 20 different natural disasters in the United States that cost one billion dollars or more in 2021. These disasters included a severe freeze, wildfires, flooding, tornado outbreaks, and other severe weather. The total cost of these disasters was $145 billion. According to the opinions of various industry experts, higher homeowner's direct line home insurance premiums have been caused by...