Increase in storm frequency leads to rising home insurance prices in disaster-prone states

From Yahoo Finance: 2025-04-04 16:01:00

Scientific evidence shows storms and natural disasters are increasing in frequency and intensity globally. Hurricanes Helene and Milton in 2024 caused billions in damage. Insurance companies are raising home insurance premiums in disaster-prone states, while some states like Maine and West Virginia saw decreases. Vermont has the lowest average home insurance prices due to low risk. New Hampshire and Alaska also have stable or low home insurance premiums.



Read more at Yahoo Finance: 5 States That Haven’t Seen Home Insurance Price Spikes in the Past 5 Years