How climate change could cause a home insurance meltdown
California isn’t alone. Insurance companies in states like Colorado, Louisiana and Florida are paring down business to shield themselves from ballooning losses as climate change fuels more-intense disasters. Earlier this month, the insurance arm of AAA announced it would not renew some “higher exposure” home insurance policies in Florida, and Farmers Insurance announced it will stop offering new home insurance policies in the state and won’t renew thousands of existing ones, in part because of rising losses from hurricanes.
https://www.npr.org/2023/07/22/1186540332/how-climate-change-could-cause-a-home-insurance-meltdown
