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Some homes are becoming 'uninsurable' due to climate-related risks

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Allstate and State Farm are the latest to stop offering homeowner’s insurance in California. What about Minnesota?
Curtis Adams on Pexels

Catastrophic losses from climate change-enhanced wildfires and hurricanes are running in the billions — causing some major insurance companies to pull out of some places.

Allstate and State Farm are the latest to stop offering homeowner’s insurance in California.

Now, homeowners are facing fewer insurance options and skyrocketing costs. What does this mean for the rest of the country and the future of insurance in a world of climate change?

Andrew Freedman wrote about the trend for Axios and he shared his findings.

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