Insurance Companies Withdraw From High-Risk Climate Zones
Insurance companies are increasingly utilizing catastrophe bonds to manage financial risks associated with climate change. Intensifying hurricanes and more frequent wildfires are driving insurers to pull out of high-risk regions such as California and Florida. This trend leaves hundreds of thousands of residents, including teachers in Arkansas and public employees in Virginia, facing limited coverage options.
Topics
Developing
- 862d Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore.
- 862d Duis aute irure dolor in reprehenderit in voluptate velit esse cillum dolore eu fugiat nulla pariatur.
- 862d Excepteur sint occaecat cupidatat non proident, sunt in culpa qui officia deserunt mollit anim id est.
- 862d Sed ut perspiciatis unde omnis iste natus error sit voluptatem accusantium doloremque laudantium.
Sources · 7 independent
KQED FM
“In high-risk places like California and Florida, a lot of insurance companies are pulling out. They're like, this is too much risk for us.”
Unlock the full story
Get a Pro subscription or above to see the live story progression and the full list of independent sources confirming each event as they happen.
Log in to upgrade