The rise in extreme weather events has led many residents to reconsider their living situations, particularly in disaster-prone areas like coastal Florida and California's wildfire-affected regions. CoreLogic identified the western US, particularly Washington and Oregon, as regions with the lowest risk of natural disasters. With increasing climate challenges, a trend towards climate migration is expected as people seek safer environments. CoreLogic's Risk Score evaluates the financial impact of natural hazards on homes, combining peril assessment and structural resiliency to identify safe living locations.
Natural disasters like fires and floods place significant financial and emotional burdens on affected communities, prompting many to reconsider their living locations.
CoreLogic's analysis reveals that areas in western US, notably Washington and Oregon, present the lowest risk for natural disasters.
Extreme weather events are growing in frequency and intensity, resulting in billions in costs, prompting insurers to withdraw coverage from high-risk areas.
Climate migration is anticipated in the coming years, with Americans potentially moving from coastal areas toward the north in pursuit of safety and stability.
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