"As Insurers Around the US Bleed Cash From Climate Shocks, Homeowners Lose"

"The owner of this home in Iowa, a state once considered low-risk, was dropped by his insurance company last year.

These houses and thousands more also lost their coverage as some insurance companies pulled out of Iowa altogether.

As climate change produces more extreme weather, insurers are losing money, even in states with low hurricane and wildfire danger.

Across the country, insurers are facing more bad years than good years. If this trend continues, it could destabilize the broader economy."

Christopher Flavelle report for the New York Times with data analysis by Mira Rojanasakul and photography by Jamie Kelter Davis May 13, 2024.