In 2023, the United States experienced a record number of weather-and climate-related disasters that each caused $1 billion or more in damages: 28 severe storms, floods, wildfires, winter storms, hurricanes, and droughts, according to the National Oceanic and Atmospheric Administration (NOAA).
Since 1980 the United States has experienced 376 billion-dollar of these events, with 16,340 deaths and damages totaling $2.6 trillion.
The insurance industry stands on the front lines of this climate crisis. Every time a climate-related fire, flood, or storm damages or destroys an insured person’s home or business, they expect their insurance policy to help foot the bill for repairs and rebuilding.
Abandoning policy holders in a climate crisis…