CategoryInsurance/Natural Disasters

• First Street Shares Its Climate Risk Data With Redfin, Now Zillow
• Climate Risk Data Is Evolving To Be More Understood By The Consumer
• Measure Of The Climate Risk Impact On Individual Properties Becomes Empirical

• The Disparity In The Quality Of Florida’s Housing Stock Is Expected To Widen
• The Long Term Challenge Is The Broader Cost Coverage Of Existing Homes
• Florida Has Some Of The Strictest Building Codes In The U.S.

• 2024 Is Shaping Up To Be The Most Expensive Year For US Disaster Clean-Up
• The Frequency And Intensity Of Natural Disasters Is Ramping Up
• The Cost And Availability Of Insurance Will Have A Profound Impact On Housing

• Helene Hit Seven States Hard But Only 0.8% Of Inland Homes Had Coverage
• Many, If Not Most, Can’t Afford To Rebuild After The Storm’s Flood Damage
• Many More Fatalities In Storm’s Path North Of Florida

• FEMA Enables Home Construction In High-Risk Areas By Pricing Out The Private Insurance Sector
• Sales And Prices Generally Normalize One Year After The Catastrophic Event
• More Affluent Consumers Enter The Impacted Housing Market

• 2023 Had The Most Natural Disasters Over $1 Billion (infl.-adj.) In U.S. History
• One In Five Households Financially Impacted By U.S. Natural Disasters
• Homeowners And Renters With Lower Incomes Are Most Affected

• 2023 Was The Highest Year on Record For Climate Disasters
• California Insurance Providers Are Pulling Out Or Raising Costs By As Much As 50%
• The Fed Study Shows That Insurance Won’t Stop Home Values From Being Impacted.

• Housing Overvaluation Impacts Coastal And Low-Income Communities Most
• The Natural Snow Belt To Sun Belt Migration Has Stopped
• Migration Northward Is Expected In A Few Decades

Home insurance costs are heavily influenced by how tough the state regulators are Relationships between cost and risk of the location are becoming disconnected Insurance such as protection against wildfires, is now unavailable in some markets The spike in mortgage rates over the past two and a half years has heightened attention on the cost of homeownership. Homeowner's insurance premiums are...