US home insurers suffered their worst underwriting loss this century in 2023, hit by a toxic brew of natural disasters, high inflation, and rising populations in high-risk areas, putting pressure on financial markets.

US home insurers grapple with record losses amid rising natural disasters and inflation

Housing affordability has hit a record low, creating significant challenges for both buyers and renters. As of April, home prices surged by 6.3% compared to the previous year, according to an S&P home price index.

US home price surge outpaces income growth

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US home insurers grapple with record losses amid rising natural disasters and inflation

US home price surge outpaces income growth