The Insurance Crisis Is a Housing Crisis

Title

The Insurance Crisis Is a Housing Crisis

 Author

Taylor, Zac (TU Delft Urban Development Management)
Knuth, Sarah (Durham University)

Date

2024

 Abstract

Home insurance markets in the United States are experiencing a mounting crisis. Worsening climate disasters like more intense hurricanes, wildfires, and hailstorms are making multi-billion-dollar payouts an annual occurrence, hitting a broad range of US states. Insurance protections are shrinking and becoming increasingly unaffordable, while private insurers are raising rates or pulling out of some markets entirely. Homeowners left behind face dilemmas like potential mortgage defaults—personal risks which may spiral into broader property market collapses. Meanwhile, renters and other households confront future uncertainties with even more limited protections. How can we more fully understand this mounting housing crisis, and what is to be done about it?

 To reference this document use:

http://resolver.tudelft.nl/uuid:a593a774-d85e-4a16-8c45-0a5f6076bcc7

 Publisher

Climate & Community Project

 Part of collection

Institutional Repository

 Document type

report

 Rights

© 2024 Zac Taylor, Sarah Knuth
Files
PDF TheInsuranceCrisisisaHous ... p_2024.pdf 382.65 KB
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