Climate-Related Capital Needs: Storms, Heat & Insurance

The property and casualty market has contracted sharply in high-risk geographies, according to the text. In 2026, multiple national carriers exited California, Florida, Louisiana and parts of Texas, leaving some owners with state-backed coverage or higher private premiums. Deductibles of $25,000 to $100,000 or more and claims timelines over 90 to 180 days have widened the funding gap after storms.