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Home insurance costs soaring as climate-related events surge, Treasury Department says

by Editor January 26, 2025, 10:51 pm 234 Views

Home insurance costs soaring as climate-related events surge, Treasury Department says

A firefighter douses flames during the Eaton fire in Pasadena, California on January 08, 2025.

Josh Edelson | Afp | Getty Images

Climate-related natural disasters are driving up insurance costs for homeowners in the most-affected regions, according to a Treasury Department report released Thursday.

In a voluminous study covering 2018-22 and including some data beyond that, the department found that there were 84 disasters costing $1 billion or…

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