Iowans' insurance premiums rising due to weather

• A 2024 New York Times analysis showed Iowa was unprofitable for insurance companies from 2020 to 2023.
• The state had the third-highest year-to-date increase in home insurance premiums in 2024, according to Insurify.

Zoom in: Once considered a low-risk state for insurers, Iowa has been facing rising premiums ever since a derecho tore across the state in 2020.

• Following last year's devastating tornadoes and storms, insurance challenges are unlikely to subside anytime soon.

Zoom out: The human toll, damage and cost of disasters is mounting nationwide.

• The U.S. saw 28 weather and climate disasters costing at least $1 billion in 2023 — the highest on record. Damage totaled $93 billion.

Go deeper: Wildfires and hurricanes could make parts of U.S. uninsurable