silence7 to News@lemmy.worldEnglish · edit-22 months agoAs Insurers Around the U.S. Bleed Cash From Climate Shocks, Homeowners Losewww.nytimes.comexternal-linkmessage-square7fedilinkarrow-up126arrow-down13file-textcross-posted to: nyt_gift_articles@sopuli.xyzclimate
arrow-up123arrow-down1external-linkAs Insurers Around the U.S. Bleed Cash From Climate Shocks, Homeowners Losewww.nytimes.comsilence7 to News@lemmy.worldEnglish · edit-22 months agomessage-square7fedilinkfile-textcross-posted to: nyt_gift_articles@sopuli.xyzclimate
Related content: The Home Insurance Crunch: See What’s Happening in Your State 4 takeaways from our homeowners insurance investigation
minus-squaresilence7OPlinkfedilinkarrow-up4·2 months agoThey’re ditching inland areas too, for different climate-related reasons.
minus-squareslurpinderpin@lemmy.worldlinkfedilinkarrow-up3arrow-down1·2 months agoSoon everything is just going to be self-insured or state-insured and the insurance companies are gonna run off with bags of our money
minus-squaresilence7OPlinkfedilinkarrow-up1·2 months agoThis implies an end to mortgages (or sharply higher interest rates) and a huge drop in real estate prices.
They’re ditching inland areas too, for different climate-related reasons.
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
This implies an end to mortgages (or sharply higher interest rates) and a huge drop in real estate prices.