U.S. Department of the Treasury Report: Homeowners Insurance Costs Rising, Availability Declining as Climate-Related Events Take Their Toll

*As the latest climate-related crisis unfolds in Los Angeles, Treasury releases most comprehensive data on homeowners insurance in history, along with report detailing higher costs to homeowners and insurers of elevated climate perils. *WASHINGTON – The U.S. Department of the Treasury’s Federal Insurance Office (FIO) today released the most comprehensive data on homeowners insurance in history, along with a major report showing that homeowners insurance is becoming more costly and harder to procure for millions of Americans as the costs of climate-related events pose growing challenges to insurers and their customers alike.The report is based on the most comprehensive and granular snapshot of the homeowners insurance market to date, covering over 330 insurers on more than 246 million homeowners insurance policies aggregated to the ZIP Code level from 2018 to 2022 (an annual average of 49.3 million policies).