(Des Moines, IA) — Iowa Scientists are attributing rising property insurance premiums to increasing temperatures and extreme weather events.
“Rising insurance premiums in Iowa are driven by increased costs of labor, building materials and re-insurance,” said Peter Thorne of the University of Iowa. “So, these costs all are amplified by climate change and are escalating and in some cases insurers are leaving certain markets, including Iowa, due to rising costs.”
The fifteenth annual Iowa Climate Statement was endorsed by 177 scientists across Iowa. They say that Florida, California and Texas have already seen increased property insurance premiums, where climate change has led to more severe hurricanes, flooding, and wildfires.
