A growing number of Americans are finding it difficult to afford insurance on their homes, a problem only expected to worsen because insurers and lawmakers have underestimated the impact of climate change, a new report says.
Waves of severe thunderstorms in the U.S. during the first half of this year created an unprecedented level of financial damage in such a short time, according to Swiss Re Group, as climate change contributes to the frequency and severity of violent meteorological events.
Many – if not most – homeowners aren’t prepared for a flood, tornado or other natural disaster. And neither, apparently, are their insurance companies.
Homeowners’ insurance rates rose 2.9 percent on average in Connecticut last year, with a half-dozen underwriters entering the market last year
Homeowners insurance in Connecticut is cheaper than the national average according to analysis released yesterday by Insurance.com.
Since 1992, hundreds of northern Connecticut homeowners have discovered the concrete foundations that support their homes are crumbling and have to be replaced.
Bill Raveis grew up in Fairfield and is a rare example of a man who splits his sports allegiances evenly between Boston and New York. More than four decades ago, he decided to stop working in technology and get into real estate.
