Environmental hazards, combined with rising climate-related risk, can be as much of a problem for renters as they are for homeowners, posing a risk to renters’ financial wellbeing and health. Whether you are looking for a place to live, or to mitigate risks where you currently rent, you should understand areas where you might be most at risk and manage your exposure.
How does climate change affect property risk and access to insurance? New extremes from climate change, including more rainfall, stronger winds, rising sea levels, and higher temperatures, are increasing property risk and making it difficult for insurers to predict risk.
Interest in electric vehicles is strengthening , especially among younger generations. New government incentives designed to spur consumers to buy EV – including tax breaks and infrastructure spending to install high-power, faster-filling EV stations across the nation – are expected to boost the market considerably in years to come.
As our climate changes, the frequency and intensity of extreme weather is increasing. These events include hurricanes, heat waves, droughts, heavy rainfall, floods, severe winter weather, hail, and tornadoes.