climate change insurance impact Archives

Rising Car Insurance Rates in 2025: Why Wisconsin Is Bucking the Trend

February 10, 2025February 10, 2025 Ester Adams

Car insurance rates are climbing steadily across the United States, with most policyholders seeing their premiums rise again in 2025. While this trend isn’t new—rates have been increasing since 2022—Wisconsin drivers may find some relief compared to the rest of the nation. A recent study by insurance platform Insurify predicts that Wisconsin’s rate hike will be significantly smaller than most states, offering residents a bit of a silver lining amidst this nationwide trend. Wisconsin Car Insurance Rates vs. the National Average According to Insurify’s projections, the average annual cost of…

Insurance industry calculations required to change due to climate change impact

October 24, 2018October 23, 2018 H. Cutner

Insurance industry calculations - Global Warming

Insurers have become the front line of the unpredictability linked with the Earth’s rapid warming. Insurance industry calculations are being forced to change as a result of the impact of climate change on the risks facing multiple sectors. Due to the nature of the business, insurance companies are among the first to face these issues. Measurably increasing rates of natural disasters are raising the number of claims and the size of those insurance claims to property, business, and auto insurers. Storms such as hurricanes and tornadoes, as well as droughts…