@silence7@slrpnk.net to

News@lemmy.worldEnglish • 10 months ago

As Insurers Around the U.S. Bleed Cash From Climate Shocks, Homeowners Lose

www.nytimes.com

7

cross-posted to:
climate@slrpnk.net

23

As Insurers Around the U.S. Bleed Cash From Climate Shocks, Homeowners Lose

www.nytimes.com

@silence7@slrpnk.net to

News@lemmy.worldEnglish • 10 months ago

7

cross-posted to:
climate@slrpnk.net

It’s not just California and Florida now: Insurers are losing money around the country. It means higher rates and, sometimes, cancellation notices.

Related content:

The Home Insurance Crunch: See What’s Happening in Your State

4 takeaways from our homeowners insurance investigation

Chat

@slurpinderpin@lemmy.world
link
fedilink
2•10 months ago
Soon everything is just going to be self-insured or state-insured and the insurance companies are gonna run off with bags of our money
- @silence7@slrpnk.netOP
  link
  fedilink
  1•10 months ago
  This implies an end to mortgages (or sharply higher interest rates) and a huge drop in real estate prices.

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