Hurricane Insurance Losses Expected to Surge 50%

Douglas McIntyre, Editor-in-Chief at Climate Crisis 24/7, reports that insured losses from U.S. hurricanes are expected to rise by as much as 50%. While historically concentrated in Florida and the Carolinas, risk is now shifting northward, with cities like New York and Boston facing steep increases in potential damage. McIntyre highlights new data from MS Administrator, a part of Lloyd’s Global Reinsurance Group, that suggests even traditionally less-affected areas are becoming climate risk hotspots.