Insurance Companies Paying Out Over $100 Billion in Claims (Again) Due To Natural Disasters

Douglas McIntyre, Editor-in-Chief at Climate Crisis 24/7, reports that insurance companies paid $140 billion in natural disaster claims last year—the third straight year over $100 billion. These increasing payouts highlight the growing severity of climate-related disasters, including droughts, extreme heat, hurricanes, hail, and tornadoes. Regions across the U.S., from the Midwest to the West Coast and Florida, are facing skyrocketing insurance costs as climate change makes disasters more frequent and severe.