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Insurance Premiums Are Set To Rise—Including One Coastal City Where They Could Go Up by More Than 300%

Insurance Premiums Are Set To Rise—Including One Coastal City Where They Could Go Up by More Than 300%

Home insurance premiums are rising sharply due to more frequent billion-dollar weather disasters. By 2055, Miami could see a 322% increase, Jacksonville 226%, and Tampa 213%. These hikes are due to climate-related risks such as hurricanes and wildfires. Nationally, average home insurance premiums might rise by 29.4%, with flood insurance premiums increasing significantly in high-risk areas like New Orleans and Atlantic City.

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