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Author: Labadal ✭  😊 😞
Number: of 15062 
Subject: Climate Change Could Cause Home Insurance Meltdown
Date: 07/22/2023 10:34 AM
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No. of Recommendations: 4
Good National Public Radio article about risks facing the U.S. property/casualty industry.

https://www.npr.org/2023/07/22/1186540332/how-clim...
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Author: knighttof3   😊 😞
Number: of 15062 
Subject: Re: Climate Change Could Cause Home Insurance Meltdown
Date: 07/22/2023 1:40 PM
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It's a ling article, but tl;dr it's not climate change (which does matter in the long tun) but the cap on insurance rate increases, another man-made problem. Perhaps less solvable in California than climate change 🙂
A somewhat free market in insurance will definitely induce insurance companies to stay in CA. Maybe not in Florida.
National average increase in 8 years is a whopping 21%. Math deficient NPR doesn't explain (maybe deliberately) how small that is per year. Even the 40% in Colorado is < 5% per year. Considering the future implications of climate change that's nothing.
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Author: rogermunibond   😊 😞
Number: of 15062 
Subject: Re: Climate Change Could Cause Home Insurance Meltdown
Date: 07/24/2023 12:32 PM
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It's already causing a meltdown in coastal areas and flood-prone areas.
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Author: rogermunibond   😊 😞
Number: of 15062 
Subject: Re: Climate Change Could Cause Home Insurance Meltdown
Date: 07/24/2023 12:42 PM
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https://johndizard.substack.com/p/ron-desantis-and...

John Dizard posted in his Substack on the recent litigation reform in Florida and how that's roiled the home insurance market.
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