How climate change is driving up the cost of home insurance
Go Deeper.
Create an account or log in to save stories.
Like this?
Thanks for liking this story! We have added it to a list of your favorite stories.
It’s not your imagination — the cost of your home insurance is going up.
Weather-related extreme events have sent homeowners’ insurance rates skyrocketing. Federal budget cuts to the Federal Emergency Management Agency will exacerbate these issues, particularly affecting state budgets and risk reduction efforts.
In Minnesota, homeowners insurance rates increased the last decade due to hail damage, leading to non-renewals and some companies leaving the market.
Jordan Haedtler, a climate financial policy strategist with Climate Cabinet, based in Duluth, talks with MPR News Chief Meteorologist Paul Huttner about climate-change-fueled risks and steps the state Legislature is taking to address to address the issues.
Click play on the audio player above to listen to this episode or subscribe to the Climate Cast podcast.
Turn Up Your Support
MPR News helps you turn down the noise and build shared understanding. Turn up your support for this public resource and keep trusted journalism accessible to all.
