@silence7@slrpnk.net to News@lemmy.worldEnglish • edit-22 months agoAs Insurers Around the U.S. Bleed Cash From Climate Shocks, Homeowners Losewww.nytimes.comexternal-linkmessage-square7fedilinkarrow-up126arrow-down13file-text
arrow-up123arrow-down1external-linkAs Insurers Around the U.S. Bleed Cash From Climate Shocks, Homeowners Losewww.nytimes.com@silence7@slrpnk.net to News@lemmy.worldEnglish • edit-22 months agomessage-square7fedilinkfile-text
Related content: The Home Insurance Crunch: See What’s Happening in Your State 4 takeaways from our homeowners insurance investigation
minus-square@slurpinderpin@lemmy.worldlinkfedilink4•2 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-square@silence7@slrpnk.netOPlinkfedilink4•2 months agoThey’re ditching inland areas too, for different climate-related reasons.
minus-square@slurpinderpin@lemmy.worldlinkfedilink2•2 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
minus-square@silence7@slrpnk.netOPlinkfedilink1•2 months agoThis implies an end to mortgages (or sharply higher interest rates) and a huge drop in real estate prices.
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
This implies an end to mortgages (or sharply higher interest rates) and a huge drop in real estate prices.