As Insurers Around the U.S. Bleed Cash From Climate Shocks, Homeowners Lose - eviltoast
It’s not just California and Florida now: Insurers are losing money around the country. It means higher rates and, sometimes, cancellation notices.
  • silence7@slrpnk.netOPM
    1·
    6 months ago

    Or that it’s financially viable. A fire in the wrong place will wipe out the one in California, and force the state to force all the for-profit insurers to kick in money to rescue it, which will in turn result in sharply higher rates for everybody.