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The New Coffee Room

  1. TNCR
  2. General Discussion
  3. Home insurers drop natural disaster coverage - climate change

Home insurers drop natural disaster coverage - climate change

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  • AxtremusA Offline
    AxtremusA Offline
    Axtremus
    wrote on last edited by
    #1

    https://www.washingtonpost.com/business/2023/09/03/natural-disaster-climate-insurance/

    Home insurers are dropping coverages for “natural disasters” in more areas due to climate change.

    1 Reply Last reply
    • jon-nycJ Offline
      jon-nycJ Offline
      jon-nyc
      wrote on last edited by jon-nyc
      #2

      I don’t get why they just don’t price in the risk. Maybe government prevents it?

      Person. Woman. Man. Camera. TV.

      1 Reply Last reply
      • LuFins DadL Offline
        LuFins DadL Offline
        LuFins Dad
        wrote on last edited by
        #3

        :eyeroll:

        https://www.wunderground.com/hurricane/articles/most-active-hurricane-seasons

        The Brad

        1 Reply Last reply
        • George KG Offline
          George KG Offline
          George K
          wrote on last edited by George K
          #4

          At least five large U.S. property insurers — including Allstate, American Family, Nationwide, Erie Insurance Group and Berkshire Hathaway — have told regulators that extreme weather patterns caused by climate change

          Let's see the data on wildfires, hurricanes, etc in the last 100 years...

          EDIT: LuFin's Dad beat me, LOL.

          "Now look here, you Baltic gas passer... " - Mik, 6/14/08

          The saying, "Lite is just one damn thing after another," is a gross understatement. The damn things overlap.

          1 Reply Last reply
          • JollyJ Offline
            JollyJ Offline
            Jolly
            wrote on last edited by
            #5

            💲💲💰💰💵💵💵💵💰💰💲💲

            “Cry havoc and let slip the DOGE of war!”

            Those who cheered as J-6 American prisoners were locked in solitary for 18 months without trial, now suddenly fight tooth and nail for foreign terrorists’ "due process". — Buck Sexton

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            • LuFins DadL Offline
              LuFins DadL Offline
              LuFins Dad
              wrote on last edited by
              #6

              It’s not about climate change, it’s about regulatory boards in various states. We already discussed the California issue in multiple threads.

              The Brad

              1 Reply Last reply

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