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Unidentified speaker ties soaring homeowners insurance costs to climate risk and federal policy
Summary
An unidentified speaker at an Environment and Public Works: Senate Committee hearing said homeowners insurance is "exploding" nationwide, citing a $14,000 average in Florida and blaming the Trump administration and fossil-fuel donors for failing to address extreme-weather and climate change, and warned of mortgage-market and property-value fallout.
An unidentified speaker at an Environment and Public Works: Senate Committee hearing warned that homeowners insurance costs are "exploding" across the United States and singled out federal inaction on climate-related extreme weather as a cause. "In Florida, the homeowners insurance market is in full meltdown, $14,000 a year…
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