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Home Insurance Premiums Spike With Increasing Climate Disasters

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"Home Insurance Premiums Spike With Increasing Climate Disasters"

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NPR reports that home insurance premiums are shooting up as much as 10 percent in response to the record number of tornadoes, floods, fires, blizzards and other heavy weather that hit the country in 2011. “We have, the last four years in a row, really seen extreme weather away from the coasts, away from seismically active areas, areas that historically haven’t got that much attention, from a modeling perspective,” said Robert Hartwig, president of the Insurance Information Institute. “And that’s likely to change.

Update

Insurance companies don’t care if you believe in climate change or not: Your premiums are going up anyhow,” Los Angeles Times’ Dean Kuipers comments.

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