Homes in parts of the U.S., especially in California and Florida, are becoming "essentially uninsurable" due to rising risks from climate change events like wildfires and floods. A new analysis from First Street Foundation found that around 35.6 million properties nationwide face higher insurance prices and reduced coverage availability due to climate change risks. Homeowners in high-risk areas are seeing their insurance rates rise drastically, by 60-80% or more, making insurance unaffordable. Some insurers are withdrawing from these areas completely.