Current research predicts the Earth could hit the two-degree warming mark by about 2050. (Credit: Mike Mareen/Adobe Stock)

Insured losses from U.S. hurricanes could rise nearly 50% if the Earth warms by 2 degrees Celsius, according to a new MS Amlin study.

The study, published in the Journal of Catastrophe Risk and Resilience, found that climate change will increase the frequency of category 4 and 5 hurricanes. Due to warming ocean temperatures, storms will maintain strength as they travel north. States that are further up the Eastern seaboard will see their risk increase and insured losses multiply.

  • In New York, insured losses could rise by 64%.
  • Rhode Island and Massachusetts could see increases of more than 70% in average annual losses.
  • Florida could see insured losses rise by 44%.
  • The Carolinas could see a 60% increase in losses during major storm years.

The study found that repeating 2022’s hurricane season, but under warmer temperatures, would increase losses from $62 billion to $90 billion.

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Corey Dahl

Corey Dahl is assistant editor with PropertyCasualty360.com. Reach her at [email protected].