The insurance scheme could benefit from greater numbers of people looking for protection due to climate change , but the likelihood of extreme weather conditions and a water shortage could also raise more claims . A study by CoreLogic found almost seven million properties along the northern and Gulf coasts of the country are at risk from hurricane damage , with reconstruction costs estimated at more than $ 1.5tn . In addition , the National Flood Insurance Program has said the number of properties reporting a second loss has decreased by 67 percent , with the programme now nearly $ 25bn in the red .
The insurance sector could benefit from greater numbers of people looking for protection due to climate change, but the likelihood of extreme weather events and a water shortage could also mean more claims. A study by CoreLogic found almost seven million homes along the Atlantic and Gulf coasts of the US are at risk from hurricane damage, with reconstruction costs estimated at more than $1.5tn. In addition, the National Flood Insurance Program has said the number of properties reporting a second loss has risen by 67%, with the programme now nearly $25bn in the red.