The increase in distress costs associated with climate change creates difficulties, increasing the cost of housing insurance and reducing insurance access. This was reported by the US Department of Finance.
The report of the Federal Insurance Administration under the Ministry analyzes more than 246 million housing insurance policies collected from 2018 to 2022.
The report notes that the increase in expenses for natural disasters leads to a rapid increase in housing insurance, and significant differences are observed depending on the region.
According to the Office, the owners of houses affected by large weather cataclysm paid much more than the inhabitants of other regions.
The report emphasizes that the non -renovation indicators are higher in those regions where dangerous climatic phenomena are expected, while consumer access has declined.
– the inaccessibility of insurance jeopardizes the well-being of American families
Assessing the problem, US Minister of Finance Janet Yellen noted that the analysis coincides with the period of destructive tragedy and the death of people caused by forest fires in the Los Angeles district.
“This report emphasizes the growth in the cost of insurance for consumers and insurers, as well as the inaccessibility of insurance, which is jealous of the well -being of American families,” the minister said.
– negligence of insurance companies in fires in Los Angeles
Fires in Los Angeles County in the American state of California destroyed thousands of objects and revealed a crisis in the insurance industry.
A large number of policies and negligence on the part of companies providing services in the state have become the topic of public debate during forest fires.