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Business Insider: Where people are moving to escape wildfires, extreme flooding, and record heat

By December 23, 2023March 26th, 2024No Comments

Over 80% of prospective homebuyers say climate risk impacted their search for a new home last year, according to a report from Zillow. The increased frequency and intensity of extreme weather events, such as hurricanes and wildfires, has prompted some Americans to reevaluate where they call home.

In Business Insider, NSI Insurance Group CEO Oscar Seikaly details the trend commonly known as “climate migration,” which is relocation away from catastrophe-prone areas has historically been driven by two main factors:

👉 Seeking safety from volatile weather.

👉 Exponentially increased insurance premiums.

Read the full article here.