Coastal carriers raise deductibles amid rising climate risks
Coastal insurance carriers are significantly raising deductibles for homeowners’ policies in response to escalating climate risks, particularly in hurricane- and flood-prone regions like Florida, Louisiana, and Texas. As climate change intensifies extreme weather events—such as hurricanes, storm surges, and flooding—insurers face mounting losses, prompting them to adjust risk management strategies. For example, in high-risk coastal … Read more