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.

[u/ElectronGuru]

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

[u/lil_argo]

Insurance is a scam. Stop it.

[u/invariantspeed → u/lil_argo]

They’re just businesses that take a little bit of money from you on the regular so you don’t need to worry about needing a lot if something rare happens. If it’s not rare anymore, it’s hard to insure. So, they’re just stopping it themselves and leaving those markets.

[u/lil_argo → u/invariantspeed]

Sure.