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Search resuls for: "Rocky Mountain Insurance Association"


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June through August were the hottest months on record, the World Meteorological Organization said. The deadly extreme heat and other climate-fueled disasters are upending people's lives this summer. A summer of writing about disaster after disaster got me thinking: Will we look back on this summer as a turning point? More of us are feeling the whiplash: Americans are increasingly connecting the dots between disasters and the climate crisis. In the meantime, communities have to be better prepared because the next five years could continue to break temperature records , according to the World Meteorological Organization.
Persons: António Guterres, Anthony Leiserowitz, Leiserowitz, George Mason, they'd, Carole Walker, It's Organizations: World Meteorological Organization, Service, United Nations, Yale, George, George Mason University, Rocky Mountain Insurance Association, Federal Emergency Management Agency, FEMA Locations: Wall, Silicon, Maui, Hawaii, Northeast
Some insurers have stopped selling new policies in states like California and Florida. "We're seeing escalating catastrophe risk, a historic rise in inflation, and the cost to recover and rebuild homes is increasing." Still, Friedlander doesn't see Florida's insurance market improving any time soon. Beyond the rising risk of disaster, property insurers are also dealing with construction costs that are outpacing inflation, according to an analysis by the Insurance Information Institute. Insurers saw a 55% increase in rebuilding and replacement costs between 2019 and 2022.
Persons: Carole Walker, Walker, Mark Friedlander, Friedlander, Ian, Ron DeSantis Organizations: Service, Rocky Mountain Insurance Association, State Farm, Allstate, Colorado Division of Insurance, FAIR, Property Insurance Corporation, Insurance, Research, Institute, Contractors Locations: California, Florida . Colorado, Gulf Coast, California , Colorado , Florida , Louisiana, Texas, Colorado , New Mexico , Utah, Wyoming, Colorado, California , Louisiana, Florida
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