It’s not just California and Florida now: Insurers are losing money around the country. It means higher rates and, sometimes, cancellation notices.
  • slurpinderpin@lemmy.world
    4·
    6 months ago

    I’ve said this since Katrina - eventually insurers are gonna nope the fuck out of these coastal regions and leave the state to hold the bag. I would get the fuck out now while I can if I had property down there

      • slurpinderpin@lemmy.world
        31·
        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
          1·
          6 months ago

          This implies an end to mortgages (or sharply higher interest rates) and a huge drop in real estate prices.

    • silence7@slrpnk.netOP
      9·
      6 months ago

      Three, on different servers — one for climate, one for a general news reach, and one which is just New York Times gift articles