silence7@slrpnk.net to News@lemmy.worldEnglish · edit-25 months agoAs Insurers Around the U.S. Bleed Cash From Climate Shocks, Homeowners Losewww.nytimes.comexternal-linkmessage-square6fedilinkarrow-up11arrow-down10file-textcross-posted to: nyt_gift_articles@sopuli.xyzclimate@slrpnk.net
arrow-up11arrow-down1external-linkAs Insurers Around the U.S. Bleed Cash From Climate Shocks, Homeowners Losewww.nytimes.comsilence7@slrpnk.net to News@lemmy.worldEnglish · edit-25 months agomessage-square6fedilinkfile-textcross-posted to: nyt_gift_articles@sopuli.xyzclimate@slrpnk.net
Related content: The Home Insurance Crunch: See What’s Happening in Your State 4 takeaways from our homeowners insurance investigation
minus-squareslurpinderpin@lemmy.worldlinkfedilinkarrow-up0·5 months agoI’ve said this since Katrina - eventually insurers are gonna nope the fuck out of these coastal regions and leave the state to hold the bag. I would get the fuck out now while I can if I had property down there
minus-squaresilence7@slrpnk.netOPlinkfedilinkarrow-up0·5 months agoThey’re ditching inland areas too, for different climate-related reasons.
minus-squareslurpinderpin@lemmy.worldlinkfedilinkarrow-up0·5 months agoSoon everything is just going to be self-insured or state-insured and the insurance companies are gonna run off with bags of our money
I’ve said this since Katrina - eventually insurers are gonna nope the fuck out of these coastal regions and leave the state to hold the bag. I would get the fuck out now while I can if I had property down there
They’re ditching inland areas too, for different climate-related reasons.
Soon everything is just going to be self-insured or state-insured and the insurance companies are gonna run off with bags of our money