Climate-driven floods, hurricanes, wildfires and heat waves cause billions of dollars of damage every year in the United States. Federal scientists hope that better access to climate data will help one industry adapt: property insurers.
Insurance companies are on the hook to pay for repairs after disasters, and even to rebuild entire homes and businesses that are destroyed. The growing cost to insurers was on full display last year, when Hurricane Ian caused more than $100 billion of damage in Florida, at least half of which was insured.
