Home insurance premiums are skyrocketing. How much is due to growing climate risk? 🌪️🏠 In our new paper, we use unique data from Florida—which has some of the highest premiums in the US—to open the "black box" of hurricane insurance pricing. 🧵 w\ @boomhower.bsky.social @tobiashuber.bsky.social

#EconSky Severe climate events (floods, wildfires) are raising insurance costs – on average, home insurance premiums increased 21% this year. Will policyholders keep insuring their homes? We (@blcollier2.bsky.social, @tobiashuber.bsky.social, Andreas Richter & I) explore this in a new working paper.