Reported 8 months ago
The US Climate Extremes Index (CEI) in 2023 was 65% above average, with a record number of weather disasters costing at least $1 billion each totaling $92.9 billion. Yahoo Finance discusses how climate issues are affecting household budgets, suggesting Americans consider climate conditions when insuring their homes. The NOAA predicts 2024 to set a record for hurricane season and weather-related damages, with catastrophe losses up to $25 billion so far. Rising insurance costs due to climate change are prompting homeowners to budget for higher expenses.
Source: YAHOO