Community leaders across the country are sounding the alarm about a nascent, but growing, crisis — one that’s likely to get worse as climate change drives more severe hurricanes, floods and wildfires.
“The risk of many weather-related extreme events is growing as the planet warms, and some of those impacts are coming fast and furious now,” says Carolyn Kousky, an economic policy expert at the Environmental Defense Fund and longtime property insurance researcher.
Yeah, it’s getting worse and worse. Insurance will evolve to stay alive. I’m already seeing policy changes to compensate for the higher risk. ACV Endorsements are a bitch. If you don’t know what that is and you have one on your policy, you better get familiar with it and not wait till it affects you.