State-Level Projections Of How Uninsureable Homes And Businesses Are Becoming: CA, FL, IL, MI, NE, NC, GA

[hatrack]

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California
Past: 16% rise since 2023
Projected: 16% rise by the end of 2026

California is throwing everything it has at its insurance crisis, but the state government still can’t seem to move the needle. Insurance prices have gone up by 16 percent in the last two years, and are about to increase by another 16 percent this year, according to Insurify. The state’s insurance market has been in free fall since devastating wildfire outbreaks in 2017 and 2018, which led major companies like State Farm to drop tens of thousands of mountainside customers and even pull out of the state. Regulators have coaxed insurers back by allowing them to use forward-looking “catastrophe models” that use future climate data, and by letting them pass on more of their costs to customers. In return, insurers had to stop dropping customers in fire-prone hillsides.

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Georgia
Past: 24% rise since 2023
Projected: 10% rise by the end of 2026

Hurricane Helene was among the deadliest and most expensive hurricanes ever to hit Georgia, killing 37 people, damaging tens of thousands of homes and buildings, and dealing a $5.5 million blow to the state’s agriculture and forestry industries. Those losses are driving a second year of home insurance rate hikes for Georgia, where Insurify projects a 10 percent increase in premiums in 2026 following a 9 percent increase in 2025. The impact is spread out over multiple years because of local regulations that make it tougher to quickly raise rates, according to Brannon. Neighboring Florida, by contrast, saw an 18 percent jump in 2025 because insurers were able to react quickly to heavy losses from Helene, but it is expecting more modest increases this year.

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North Carolina
Past: 14% rise since 2023
Projected: 5% rise by the end of 2026

North Carolina has had an interesting few years when it comes to insurance premiums. The state’s rate bureau asked for a 42 percent rate hike last year, citing both increased, risky development in hurricane-prone coastal areas and billions in storm damage from Hurricane Helene, but the state insurance commissioner granted just a 7.5 percent increase. Now, Insurify projects North Carolina’s insurance premiums to rise in 2026 by about 5 percent. Compared to other high climate-risk states, that’s not a lot — but there’s more to the story.

Much of the damage incurred by North Carolina homeowners over the past several years is flood damage from extreme, multi-billion-dollar storms like Helene in Western North Carolina and Florence in the coastal region, but flood damage is not covered by homeowners’ insurance. Other storm damage is coverable in certain cases, like wind-related tree damage, but that too is proving to be problematic. “In North Carolina and in higher-risk coastal states, insurers are not providing coverage, like in your base home policy plan, for things like high wind damage,” said Jayson O’Neill, a spokesperson for Unlocking America’s Future, which recently released a report on North Carolina’s insurance trends. A quarter of homeowners’ insurance claims after Helene were closed without payment last year. Furthermore, some insurance companies are abandoning the state, or risk-prone swaths of it, entirely. Nationwide, for example, dropped 10,000 customers in hurricane-prone zip codes of coastal North Carolina in 2024. O’Neill believes these denials keep rate increases on the moderate side — with upfront costs to homeowners.

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https://grist.org/economics/is-your-state-becoming-uninsurable-we-have-the-latest-data/

[mwmisses4289]

1. Ya know, more and more i am beginning to believe

insurance is nothing but a grift and a scam.

[quaint]

2. ...and it's a grift we are required to be fleeced by.

[IbogaProject]

4. Health and Auto are

Both are inflated by our over expensive health care system. Workman's comp too. Property insurance has that issue too having to insure against third party health claims.

[OKIsItJustMe]

5. Look for the magical word, "Mutual"

https://en.wikipedia.org/wiki/Mutual_insurance

Mutual insurance
…

A mutual insurance company is an insurance company owned entirely by its policyholders. It is a form of consumers' co-operative. Any profits earned by a mutual insurance company are either retained within the company or rebated to policyholders in the form of dividend distributions or reduced future premiums. In contrast, a stock insurance company is owned by investors who have purchased company stock; any profits generated by a stock insurance company are distributed to the investors without necessarily benefiting the policyholders.

…

[IbogaProject]

6. That is half the battle

But a unified system, even standardized billing like Germany & Switzerland would lower costs across liability insurance coverages.

[yaesu]

3. I remember reading a few years ago that MI was a climate change safe zone due to the great lakes

climate, ect... but storms have been increasing in intensity year after year, many more tornadoes for sure.