Nearly Half of U.S. Homes Worth $22 Trillion Face 'Extreme' Climate Risk
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Nearly 45% of U.S. homes, worth $22 trillion, face severe or extreme climate risk from threats like floods, heat, and hurricanes.
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Miami has the highest total value of homes facing severe or extreme climate risks.
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Heat risk impacts the largest share of U.S. homes (32.5%), exposing nearly $13.6 trillion in property value.
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Inflation remains sticky partly due to soaring insurance costs resulting from increased extreme weather events.
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Insurers are withdrawing from high-risk coastal areas, leaving many properties uninsurable.