1046 ET - Natural disasters and migration patterns loom large over state budgets in the U.S. "We are seeing more disasters and we are seeing more expensive disasters," Conning's Karel Citroen says. "In part, that is because people have moved to areas that are more more exposed" such as Florida and Texas, he says. As a result, insurance costs have skyrocketed in these locations, increasing living costs and pushing people to move out, eroding the local tax base. In a recent study, Conning found that international immigration boosted population growth in Florida, Texas and Nevada, while Utah and South Carolina remained popular destinations for retirees and people fleeing higher costs elsewhere. (paulo.trevisani@wsj.com; @ptrevisani)
(END) Dow Jones Newswires
June 04, 2025 10:46 ET (14:46 GMT)
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