(Bloomberg) Fallout from last month’s deadly deep freeze in Texas has quietly spread to people living hundreds of miles away. Minnesota utilities have warned that monthly heating bills could spike by $400, after the crisis jacked up natural gas prices across the country. Xcel Energy’s Colorado customers could face a $7.50 per month surcharge for the next two years.This is a subtle demonstration of the way Americans already share the collective financial burden of climate change, even if we don’t realize it. The national bill for global warming is here, and it’s rising.Perhaps it’s easier to see this dynamic playing out beyond February’s Texas cold snap. That disaster left dozens dead, stranded millions in dark homes, and sent a shockwave of higher gas prices across the nation. But since there remains scientific uncertainty over the role of global warming, let’s examine two other calamities for which the climate link is clearer: wildfir
Texas weather crisis will end up costing everyone: report
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Everybody is going to end up paying for weather crisis in Texas — and elsewhere
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Study finds Floridians are underpaying for flood insurance Follow Us
Question of the Day A man smokes a cigarette and video chats with a friend on his porch, the only dry spot on his street after a King Tide-related flood in Miami Beach, Fla., on Oct. 19, 2020. A new analysis by First Street . more > By ALEX HARRIS and The Miami Herald - Associated Press - Saturday, March 13, 2021
MIAMI (AP) - If you live in Florida, you should probably be paying more for flood insurance. And you likely will be soon.
That first finding is the conclusion of a new analysis by First Street Foundation, a nonprofit research group focused on climate impacts on property value, which found that the majority of Floridians face a higher flood risk than their insurance costs would indicate.