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Home›Insurance›Property Insurance›Home insurance premiums hit record highs as disaster r…

Home insurance premiums hit record highs as disaster risks evolve

Reported · Written up by our desk · Property Insurance

Natural disasters are driving home insurance premiums to record highs, as insurers respond to changing risk levels tied to hurricanes, storms, and wildfires, according to MarketWatch.

The outlet notes insurers are rethinking pricing as climate-related and weather-related damage patterns evolve, pushing premium growth unevenly across locations and policy types.

MarketWatch highlights that insurers are adjusting rates to reflect the impact of recent disaster losses and the forward-looking risk they represent.

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Sources

MarketWatchHome-insurance premiums just hit a record high. Here’s where they spiked the most.
MarketWatchHome-insurance premiums just hit a record high. Here’s where they spiked the most.

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