SC coastal homeowners will face major insurance hikes from climate risk, report says

A new report indicates that homeowners in coastal South Carolina are expected to encounter significant increases in property insurance premiums due to escalating climate risks. These projected hikes reflect the growing financial pressure on insurers to account for extreme weather events and rising sea levels in their underwriting models. For the property insurance sector, this trend underscores the ongoing challenge of maintaining affordability while managing heightened exposure in catastrophe-prone regions.