Insurers Are Deserting Homeowners as Climate Shocks Worsen

[Unum]

https://www.nytimes.com/interactive/2024/12/18/climate/insurance-non-renewal-climate-crisis.html

Since 2018, more than 1.9 million home insurance contracts nationwide have
been dropped — “nonrenewed,” in the parlance of the industry. In more than 200
counties, the nonrenewal rate has tripled or more, according to the findings
of a congressional investigation released Wednesday.

As a warming planet delivers more wildfires, hurricanes and other threats,
America’s once reliably boring home insurance market has become the place
where climate shocks collide with everyday life.

Without insurance, you can’t get a mortgage; without a mortgage, most
Americans can’t buy a home. Communities that are deemed too dangerous to
insure face the risk of falling property values, which means less tax revenue
for schools, police and other basic services. As insurers pull back, they can
destabilize the communities left behind, making their decisions a predictor of
the disruption to come.

The map of dropped policies shows how the crisis in the American home
insurance market has spread beyond well-known problems in Florida and
California. The jump in nonrenewals now extends along the Gulf Coast, through
Alabama and Mississippi; up the Atlantic seaboard, through the Carolinas,
Virginia and into southern New England; inland, to parts of the plains and
Intermountain West; and even as far as Hawaii.

[JTEM]

Post by Unum
Since 2018, more than 1.9 million home insurance contracts nationwide have
been dropped — “nonrenewed,” in the parlance of the industry.

I'm shocked that it's that few! With California so anti business
and all the "wild fires" which are of course arson, I would've
guessed that a lot more policies than that were cancelled in
California alone!

It's actually a small number... ONLY 1.9 million cancelled policies
in six, nearly seven years?

And are we pretending that of those 1.9 million, none were able
to get insurance elsewhere, at a different provider?

This is bogus!

You're attributing bad government, bad law enforcement and arson
to "Climate change."

It's not.

"When the truth is your enemy it's time to switch sides!"