Research shows the soaring costs hint at widespread, unpriced risk as the global climate warms, with states like California, Florida and Louisiana hit hardest.
For most of his life, Cory Infinger has lived down a hill and along a bend in the Little Wekiva River, a gentle stream meandering northwest of Orlando. During Hurricane Ian, in September 2022, the stream swelled, inundating the homes of his family and his neighbors and also the street where they live, making it impassable.
In 12 states, flood insurance premiums have doubled, although no part of the country has been untouched, with rates in Florida jumping by 231 percent, Kentucky by 207 percent, Louisiana by 234 percent, South Dakota by 207 percent, and West Virginia by 272 percent, according to the First Street Foundation study. This appears to have led some homeowners to forgo insurance altogether, as the number of policies in force has dropped by 21 percent to 4.7 million.
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