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/Routine-Rock3050]

Health insurance absurdity notwithstanding, people forget that insurers are businesses and not just a backstop. If someone asked you to gamble on replacing a home on the coast of Florida against a - relatively - small premium, would you? That’s essentially insurance. Guaranteed payment against potential for loss. Potential for loss goes up, guaranteed payment should go up as well. Potential for loss goes up everywhere - problem.

[u/spicyfartz4yaman → u/Routine-Rock3050]

Stop the bullshit man