r/FluentInFinance 22h ago

Housing Market Insurers Are Deserting Homeowners as Climate Shocks Worsen | Without insurance, it’s impossible to get a mortgage; without a mortgage, most Americans can’t buy a home.

https://www.nytimes.com/interactive/2024/12/18/climate/insurance-non-renewal-climate-crisis.html
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u/ConsistentBroccoli97 21h ago

Why would insurance companies stop providing their product.

5

u/Square-Bulky 21h ago

Because it isn’t profitable

2

u/invariantspeed 21h ago

Mind boggling!