Homeowners insurance rates will likely continue to rise as property values keep climbing and the risks of climate change intensify. (Credit: kamiphotos/Adobe stock)
Earlier this year, several large carriers announced they would no longer write new home insurance policies in California because of climate risk. Other major insurers are also containing growth, not renewing policies, and excluding wind and hail damage from their policies in certain areas of Florida and Louisiana, among other high-risk states.
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