# What is happening to insurance markets?

   Film by Mohammad Shahhosseini    Insurance rates have skyrocketed in the last few years, with an average [33% rate increase](https://www.nber.org/papers/w32579) from 2020-2023. And this is happening as climate change is making extreme weather events more and more common.

In our latest installment of EDF Explains, Environmental Defense Fund's Carolyn Kousky discusses how we got here, how vital insurance is, and how to protect consumers.

 

 

 

  

   Topics - [ Climate and energy ](/on-film?topic=21&subcategory=21)
- [ Extreme weather ](/on-film?topic=21&subcategory=29)
- [ Law and policy ](/on-film?topic=21&subcategory=28)
 
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  Topics - [ Climate and energy ](/on-film?topic=21&subcategory=21)
- [ Extreme weather ](/on-film?topic=21&subcategory=29)
- [ Law and policy ](/on-film?topic=21&subcategory=28)
 
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