silence7@slrpnk.net to

News@lemmy.worldEnglish · 6 months ago

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

www.nytimes.com

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

www.nytimes.com

silence7@slrpnk.net to

News@lemmy.worldEnglish · 6 months ago

7

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

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slurpinderpin@lemmy.world
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6 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
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  6 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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