Home values could collapse as rising climate dangers wreak havoc on insurance markets, study says

• US home values could collapse as climate change boosts insurance costs, a study from First Street Foundation said.
• More insurers are hiking premiums or leaving at-risk areas, forcing homeowners to rely on costlier state-run programs.
• First Street estimated that 39 million homes are still insured at prices that don't match the climate risks they face.

Climate change is roiling the US home insurance market, paving the way for a massive correction in property values, a First Street Foundation study said.