Andrew Freedman of Axios writes on Zillow and First Street’s partnership to include climate risk in home listings.
Mindful of increasing risks from extreme weather events such as hurricanes, Zillow will combine climate risk scores, interactive maps and insurance information on its home listings, the company announced this morning.
Why it matters: This step gives prospective buyers their first combined look at climate risk information with home insurance recommendations. Due in part to climate change-related trends in extreme weather events, such as hurricanes in Florida and California wildfires, the price of home insurance has been increasing in many parts of the country.
Zoom in: The climate risk information will come from the climate risk company First Street. It will include historical data on past climate events that affected the area where a property is located, such as flooding or wildfires.
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