The U.S. Senate Budget Committee released a study this week confirming ‘climate change is increasing non-renewal rates' and that 'multiple climate-related effects are destabilizing widespread insurance markets.' While the insurance industry debates the extent of any destabilization and additional causes, it is clear, solutions are needed. The Demex Group is committed to working with the insurance and reinsurance community to develop solutions to address the accumulation of losses from severe convective storms – the largest source of insured losses from weather perils in the insurance industry. The conclusions were based on non-renewal data collected from 23 insurers representing about two-thirds of the homeowners insurance market, covering years 2018 through 2023 as reported in the Insurance Journal.