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US demands climate data as insurers make cover unaffordable

The US government is demanding data from US insurers as it probes whether more frequent and extreme hurricanes and wildfires are making insurance unaffordable for American homeowners. Insurers will be asked to provide information about their home insurance policies, premiums, claims and losses at a zip-code level for six years between 2017 and 2022. 

“Climate change is making it increasingly difficult for homeowners and consumers to find available and affordable insurance."

Tags

insurtech, climate