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What does climate change mean for homeowners insurance?

In this article, we’ll look at how climate change is reshaping homeowners insurance and what homeowners can do to protect their properties and manage insurance costs.

With 23 extreme weather events costing more than $1 billion each in losses so far this year, many private insurance companies are pulling out of states like California and Florida altogether. This is leaving homeowners with few choices to protect their most valuable assets. CBS News senior national and environmental correspondent Ben Tracy reports.

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Climate change-fueled disasters push homeowners insurance marketplace to extremes

Hundreds of thousands of people across the U.S. are losing their homeowners insurance, with four major companies ending coverage in California due to the growing risk of wildfires. Companies in Florida are canceling policies due to increased hurricane risks. Matthew Eby, the founder and CEO of First Street Foundation, a nonprofit that studies climate risks, joined CBS News to discuss .

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Why thousands of Americans are losing homeowners insurance

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PayFit accelerates their climate journey with Greenly!.mp4

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Eager to understand the real impact of our activity on the environment, we trusted Greenly to carry out the life cycle analysis of our Cabaïa products. This analysis pushes us to be constantly improving our products, our packaging, and our transportation

Originating from our genetic code and fueled by a robust demand from our clientele, the Life Cycle Assessment, conducted in collaboration with Greenly, on both our conventional and recycled Kimya PETG filaments serves as a means to openly enlighten users regarding the ecological footprint of the materials they employ. This endeavor aims to inspire a conscious choice in favor of environmentally-friendly options.

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Greenly comes with with a friendly and intuitive interface making it easy for a user to customize it to suite a desired workflow. In addition, Greenly suggests a detailed information on the energy usage for a company, and offers recommendation to a company on how to reduce carbon footprint sustainably.

Greenly helps to collaborate, and the management process of data to do any complex or lengthy projects. This way it makes it a user-friendly platform and eases the job for us. It helps directly in making the job accurate, productive and cost savings as well.Review collected by and hosted on G2.com.

One of the standout features of Greenly is their comprehensive data collection and analysis capabilities. The platform integrates with various data sources, allowing for seamless data gathering from energy meters, financial systems, and other relevant sources.

Tons of new features recently, and Greenly's product is getting better and better. The platform is very intuitive and complete: Greenly proposes action items to reduce your carbon footprint and offset your carbon footprint.

Romain Lapeyre -  Co-founder & CEO at Gorgias

Greenly, as a climate expert, was instrumental in guiding and supporting us throughout our carbon reporting process. They meticulously analyzed a vast amount of data, which allowed us to publish our 2022 GHG emissions report on time.

Marc VENOT - Quality & Sustainable Development Director, Walden Group

I like Greenly for being an exceptional tool that aids us in reducing our environmental impact and enhancing our corporate social responsibility efforts. Additionally, it proves to be highly effective in automating data collection and report generation, making it a valuable asset.