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What happens when America's flood insurance market goes underwater?

As storms arrive more frequently, flood insurance and disaster relief programs themselves are now failing. ....

New Orleans , United States , New York , Toms River , New Jersey , Perdido Key , Edward Lee , Joe Raedle Getty , Roy Wright , Douglas Quinn , David Altmaier , Carolyn Kousky , Jody Wright , Mortgage Brokers Association , Disaster Relief Fund , Southern Group , National Flood Insurance Program , Environmental Defense Fund , Emergency Management Agency , Reese May , Economic Hardship Reporting , World War , New England , Federal Emergency Management Agency , First Street Foundation , Flood Insurance ,

"As Climate Risks Mount, The Insurance Safety Net Is Collapsing"

"Natural disasters now cost the U.S. insurance industry $100 billion a year. What happens when no one wants to pick up the tab?" "This story is the first in a four-part Grist series examining how climate change is destabilizing the global insurance market. It is published in partnership with the Economic Hardship Reporting Project. “We’ve got ourselves a little monster out ....

United States , Karen Clark , Jim Cantore , Economic Hardship Reporting , Weather Channel ,

In wildfire-prone areas, homeowners are learning they're uninsurable

Wildfires cause billions in home damage every year. Now, insurers no longer want to take on the risk. ....

United States , Multnomah County , San Francisco , Colorado Springs , Chino Hills , Yosemite National Park , Waldo Canyon , Oregon Department Of Forestry , Justin Sullivan Getty , Justin Guay , Roy Wright , Ricardo Lara , Jamie Court , David Pomerantz , Gavin Newsom , Patrickt Fallon , Attila Toth , Philip Morris , Carmen Balber , Peter Bosshard , Gaylon Wampler Getty , Beth Pratt , Los Angeles , Paul Chinn , Madison Condon , David Mcnew Getty ,

What happens when America's flood insurance market goes underwater?

More homeowners than ever need flood insurance. Fewer than ever can afford it. ....

New York , United States , New Jersey , Toms River , Perry County , Breezy Point , New Orleans , Michael Swensen Getty , Douglas Quinn , David Altmaier , Carolyn Kousky , Patrickt Fallon , Edward Lee , Roy Wright , Laura Humphrey , Scott Olson Getty , Department Of Homeland Security , National Science Foundation , Office Of Insurance Regulation , Environmental Defense Fund , Emergency Management Agency , Fatih Aktas Anadolu Agency , Southern Group , National Flood Insurance Program , American Policyholder Association , Mortgage Brokers Association ,

As climate risks mount, the insurance safety net is collapsing

Natural disasters now cost the U.S. insurance industry $100 billion a year. What happens when no one wants to pick up the tab? ....

United States , Boston University , Fort Myers , Grizzly Flats , Madison Condon , Eric Anderson , Christian Mumenthaler , Pablo Jimenez , Karen Clark , Ed Jones , Frank Nutter , Helenh Richardson , Josh Edelson , Joe Raedle Getty , Alice Hill , Raghuveer Vinukollu , Francine Orr Los Angeles , Getty Stocktrek , Carolyn Kousky , Jim Cantore , Freddie Mac , Carolina Institute For Climate , Environmental Defense Fund , Treasury Department , Reinsurance Association Of America , Farmers Insurance ,