Insurance prices have risen broadly across the United States in recent years, as the industry has grappled with rising construction costs and a rise in extreme weather events linked to rising global temperatures. Climate change is fueling more powerful and destructive storms.

Climate-related natural disasters are dramatically driving up insurance costs for homeowners in the most-affected regions, according to a Treasury Department report Thursday.

Homeowners in areas most at risk of damage from hurricanes, wildfires and other climate perils pay far more for insurance than those who live in the least exposed areas, according to a U.S. Treasury Department study released on Thursday.

The report includes ZIP-code-level information aggregated from 2018 through 2022, which covers 330 insurers and more than 246 million policies.