Jessica Corbett is a senior editor and staff writer for Common Dreams.
After at least two dozen U.S. disasters with losses exceeding $1 billion during a year that is on track to be the hottest on record, a congressional committee on Monday released a report detailing how the fossil fuel-driven climate emergency poses a 'significant threat' to the country's housing and insurance markets.
'Rising premiums and this issue of uninsurability could seriously disrupt the housing market and stress state-operated insurance programs, public services, and disaster relief,' the new report warns. 'Given this rising threat, innovations in climate mitigation and adaptation, insurance options, and disaster relief are essential for protecting Americans and their finances.
Florida Housing Hurricanes Insurance Insurance Industry Joint Economic Committee Wildfires Climate Emergency
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