"Worried about wildfires sending claims soaring this year, Canada's property and casualty insurers are pushing owners to flood- and fire-proof ​homes and urging the government to take climate issues more seriously despite economic turmoil."

https://www.reuters.com/sustainability/cop/canadian-insurers-fortify-homes-urge-carney-put-climate-first-wildfire-season-2026-04-14/
#HomeInsurance

Between 2021 and 2024, #HomeInsurance costs increased by about 50% in Illinois, and this year, the state’s insurance rates are expected to climb about 5%.

Illinois-based insurance giants pointed to extreme weather as driving up costs. In 2024, only Texas reported more hail damage than Illinois.

“We are already seeing the impacts of the climate crisis show up in people’s monthly bills, and rising homeowners insurance costs are one of the clearest examples,” she said."

https://chicago.suntimes.com/environment/2026/03/27/climate-change-surge-home-insurance-rates-illinois

[Australian] Banks face climate stress as home insurance crisis widens

"A widening insurance protection gap – the difference between the amount of insurance in place and the actual cost of recovery from a disaster – will create credit risk for banks which use residential property as the security for loans, based on a high-risk scenario for global warming."

https://www.afr.com/companies/financial-services/rising-premiums-to-force-more-homeowners-to-drop-insurance-apra-warns-20260323-p5rosn
#HomeInsurance