Home insurers drop natural disaster coverage - climate change

[Axtremus]

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.

[jon-nyc]

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

[LuFins Dad]

:eyeroll:

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

[George K]

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.

[Jolly]

[LuFins Dad]

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