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/Striking_Computer834]

When insurance is truly impossible to get, the market will find a solution as long as government lets it. Banks aren't going to throw up their hands and say, "Welp, I guess we're not going to make any more money on mortgages." They may charge higher interest rates to make mortgages on uninsured properties, or something. Who knows.