3 résultats pour « home insurance premiums »

Beyond the Storm: Climate Risk and Homeowners' Insurance

Natural disasters drive insurance premium increases in affected areas for three years and cause delayed, smaller rises in unaffected areas. Insurers also adjust rejection rates, particularly in low-income regions. Financial constraints influence cost distribution, raising concerns about equity and affordability as climate risks grow and insurers adapt pricing strategies.

Insuring Correlated Climate Risk: Evidence from Public Reinsurance

Increasing climate risk has made insurance unaffordable or unavailable in many areas. A study on Australia's government-provided, mandatory reinsurance for cyclone damage shows it decreases home insurance premiums by 21% and increases availability by 11%. The policy reduces costs associated with correlated risks and boosts market competition.