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NickB79

(20,412 posts)

4. Even in "safe" areas, climate change will wreck insurance policies

Reply to dalton99a (Original post)

Mon Jul 31, 2023, 09:57 AM

Jul 2023

If insurance companies that operate nationally get hammered in Florida and California from hurricanes and fires, they'll start increasing premiums on customers in the Midwest to keep profits up

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Home Insurers Are Charging More and Insuring Less [View all] dalton99a Jul 2023 OP

So thankful we 'grandfathered' in to our woodsprite Jul 2023 #1

Lucky you Rorey Jul 2023 #2

I understand your dilemma jimfields33 Jul 2023 #3

I just really, really, really hate being a landlord Rorey Jul 2023 #13

Even in "safe" areas, climate change will wreck insurance policies NickB79 Jul 2023 #4

+1. Safe areas will effectively subsidize high-risk areas dalton99a Jul 2023 #5

That's what insurance does. Igel Jul 2023 #10

They have been doing this for years. Nt spooky3 Jul 2023 #7

Now climate change is accelerating rapidly NickB79 Jul 2023 #9

well, it's kind of dumb... Think. Again. Jul 2023 #6

The purpose of insurers is to make money, not cover losses. Chainfire Jul 2023 #8

Both. Igel Jul 2023 #11

Yes, mine went up 11% this year. sinkingfeeling Jul 2023 #12