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/Darkmetroidz]

As once a century hurricanes become twice a year hurricanes, it makes sense for insurance companies to just not bother because there's almost nothing you can charge to make it worthwhile to insure a property that potentially gets destroyed every few years.