One in ten homes was affected by natural disaster in 2021, with nearly $57 billion in property damage reported, says the 2021 Climate Change Catastrophe Report from CoreLogic. The report also found reconstruction costs have shown a meaningful increase over the last two years. This has left homeowners and insurers alike struggling to keep up as climate change causes extreme catastrophic weather events to increase in frequency and impact.
Want to continue reading?
Become a Free PropertyCasualty360 Digital Reader
Your access to unlimited PropertyCasualty360 content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Breaking insurance news and analysis, on-site and via our newsletters and custom alerts
- Weekly Insurance Speak podcast featuring exclusive interviews with industry leaders
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the employee benefits and financial advisory markets on our other ALM sites, BenefitsPRO and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.