America’s home insurance system is not working for people. It’s time to fix it.

Around the country, insurers are cancelling policies at alarming rates.

Chart from the New York Times (learn more)

By the numbers

72,000

Number of California policies State Farm said it would cancel this year, leaving property owners without protection the next time disaster hits Source

> $200 billion

Property and economic damage from Hurricane Helene that’s not covered by insurance Source

17%

Average increase in new-policy premiums in the first half of 2024 Source

69%

Three-year increase for homeowners who have stayed on the same policy Source

What Americans say:

  • 78%

    are concerned about rising insurance costs

  • 79%

    say the insurance crisis is a problem across the country

  • 74%

    worry that a breakdown in the insurance system would affect them personally

  • 67%

    are concerned about the increased frequency of extreme weather, like hurricanes, storms, wildfires, and floods

  • 64%

    don’t trust insurance companies to solve the problem

  • 85%

    think insurance executives are responsible for the problem

  • 61%

    say the federal government is doing too little about the problem

  • 52%

    say state governments are doing too little about the problem

Source: Data for Progress poll, March 2025

As millions of Americans are seeing their homes hit by climate disasters, the industry meant to protect them is failing.

In state after state, homeowners and landlords are finding property insurance unaffordable — or impossible to get. Premiums are skyrocketing. Claims aren’t being paid. And taxpayers could be on the hook for billions.

We can’t wait any longer. The coming collapse could leave whole communities in ruins, send families deep into debt, and shock our entire financial system.

Our current insurance system is not built to protect people in a rapidly changing climate.

  • Insured losses have doubled since 2017 due to climate disasters.

  • Premiums have doubled, tripled, or worse.

  • Insurers are pulling out of high-risk markets.

  • State-run insurance programs are going bankrupt.

  • The ripple effects could undermine our entire economy.

We need to act now.

Every month we wait, the costs grow larger, the dangers to the economy grow greater, and more Americans are at risk of losing their homes.    

It’s time for leaders at every level to recognize the urgency of the insurance crisis, and to act — and for the insurance industry to stop standing in the way of solutions.