Page 55 - BusinessWest February 17, 2025
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INSURANCE >>
Insuring Against
the Worst
Climate Trends, Weather Events Create Havoc for Premiums,
HAmid the wildfires that ravaged Los Angeles last month, the U.S. Depart- ment of the Treasury’s Federal Insur- ance Office (FIO) released the most comprehensive data on homeowners’ insurance in history, along with a report showing that homeowners’ insurance is becoming more costly and harder to procure for millions of Ameri- cans as the costs of climate-related events pose growing challenges to insurers and their customers alike.
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