How Climate Change is Reshaping Home Insurance in California — and the Rest of the U.S.
January 14, 2025
NPR
Meredith Fowlie, Energy Institute Faculty Director, talks on NPR about higher insurance rates particularly in California and how it relates to climate change.
“Insurance rates in California have been slowly ticking up for years, though climate change isn’t the only driving factor, according to Meredith Fowlie, a professor of agricultural and resource economics at the University of California, Berkeley, who researches the links between wildfire risk and insurance prices…’These newer risk-modeling tools are definitely helping insurers come to terms with what wildfire risk looks like in California and how they’d want to price it in order to ensure that they are ready to pay when claims come in,’ she says.”
Photo: npr.org
Read more about home insurance and climate in Brookings News