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n NBER study shows that soaring homeowners‑insurance premiums are eroding home values by more than $40,000 in regions most exposed to hurricanes, wildfires, and other climate disasters. Analyzing over 74 million premiums from 2014‑2024, the research found that price growth in these high‑risk zip codes has fallen by 11% relative to safer areas, as insurers adjust rates in response to rising reinsurance costs. Louisiana, hit hard by premium hikes, illustrates the effect: while U.S. home prices have risen 55% since 2018, New Orleans’ market has only climbed 14%, lagging inflation. Nationwide, 14.1% of homeowners were uninsured in 2024, up from 13.4% in 2023, with West Virginia, New Mexico, and Louisiana each exceeding 20% uninsured. Premiums are projected to climb another 8% in 2026‑27, after a 14% annual increase in 2023‑24 and a 10% rise in 2025. About 12% of U.S. homes currently face climate‑risk, a share expected to reach 20% by 2050. Experts say deploying AI and image‑analytics tools can help rebuild resilient communities, potentially lowering future insurance costs.