Matic, Columbus, Ohio, released its latest report on the state of the home insurance industry, finding that factors such as climate change, availability and costs continue to weigh heavily.
Tag: Climate Change
S&P: U.S. Insurers, Homeowners Face Greater Risks and Costs Due to Extreme Weather
U.S. insurers and homeowners face greater risks and higher costs as extreme weather events including hurricanes, wildfires and floods become more frequent and intense, according to S&P Global Ratings, New York.
Apr. 18: Climate-Change Disclosure Rules and Impact on Mortgage Lending
After much anticipation, the U.S. Securities and Exchange Commission on March 6 voted to adopt final rules that require reporting by public companies of climate change-related disclosure. The rules require public companies to disclose substantial information about the material impacts of climate-related risks on their business, financial condition and governance.
Fannie Mae: Consumers Worry About Extreme Weather on Homes, Insurance Premiums
Nearly half of Americans surveyed expressed concern about the impact of extreme weather events on their homes–especially about excessive wind and heat–according to Fannie Mae, Washington, D.C.
MBA Statement on the SEC’s Climate-Risk Disclosure Final Rules
MBA’s President and CEO Bob Broeksmit, CMB, released a statement on the U.S. Securities and Exchange Commission’s (SEC) final rules on mandatory disclosures related to climate-related risk and company greenhouse gas emissions.
Planet Home Lending’s Chris Joles: Climate Risk and Impending Alterations in Hazard Insurance and the Subsequent Impact on Mortgage Banking
As extreme weather events become the status quo from the coasts to the heartland, it’s essential to understand their affects on the housing market. Find out how climate conditions are reshaping the market for lenders, investors and homeowners.
DBRS Morningstar Warns About Insurance, Property Values in Coastal Areas
DBRS Morningstar, Toronto, released a new analysis warning about the impacts of climate change–including hurricanes–on property insurance in vulnerable areas. Insurance companies are exiting catastrophe-prone areas, DBRS Morningstar said, potentially leading to a decline in property values.
More Than 80% of Home Buyers Consider Climate Risks When Shopping for a Home: Zillow
New Zillow research shows that more than 80% of prospective home buyers consider climate risks as they shop.
More Than 80% of Home Buyers Consider Climate Risks When Shopping for a Home: Zillow
New Zillow research shows that more than 80% of prospective home buyers consider climate risks as they shop.
Natural Disasters, Insurance Landscape Cause Industry Disruptions, Panelists Say
WASHINGTON–Amid a cascading series of natural disasters, the homeowners’ insurance market has been seriously disrupted, and is likely to remain that way for the foreseeable future, panelists said at the Mortgage Bankers Association’s Compliance and Risk Management conference.