Three highlights of the article are:
1. Insured losses for Hurricane Helene are estimated at over $6 billion, with the majority of homes impacted not having flood insurance.
2. New risk-assessment technology is being implemented to help homeowners identify climate risks and make more informed decisions.
3. More than 80% of buyers now consider climate risk when purchasing a home, with flood risk being their top concern.
Summary: The article discusses the growing importance of considering climate risk in real estate transactions, particularly in areas prone to natural disasters like hurricanes and floods. With the majority of homes not having flood insurance and the effects of climate change intensifying risks, new tools and data are being introduced to help homeowners assess and mitigate these risks. The article emphasizes the impact of climate risk on home values and insurance costs.
Editorial content by Jordan Fields
