• Violent weather events are driving down real estate values in Texas, Florida, and Louisiana, according to Capital Economics.
• Property-insurance costs have grown at the fastest rate in 20-years due to billion-dollar storm damages, the firm said.

The rise in violent weather events over the past few years are driving a decline in real estate values in Texas, Florida, and Louisiana, according to a recent note from Capital Economics.

Much of that is due to surging property-insurance costs in the wake of severe storms and hurricanes. Premium growth recently reached a 20-year high, the research firm said.

“Last year the US saw 28 extreme weather events where damage exceeded $1 billion, over three times the usual number in the past half-century,”…