Why Texas is seeing eye-popping insurance hikes: Worsening storms fueled by climate change, coupled with inflation, are driving some of the highest home insurance costs in the country.
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“Most of the price-increasing pressures aren’t really controllable by us, so we focus on trying to keep the system fair,” Bolduc said, adding: “The real problem is the math is not good.”
It is somewhat funny that the insurance sector, infamous for being shady, has to play the role of promoting the hard climate facts.
Abandoned McMansions are going to be an interesting sight.
Or it will be like Florida, where insurance companies are exiting the state, leaving the State of Florida as the insurer of last resort to a lot of homes. This could cause the first state bankruptcy in American history.
Wow, couldn't have happened to a more deserving state
This could cause the first state bankruptcy in American history.
Don't worry. Blue states will bail them out. Then they'll turn around and shit in the hand that feeds them.
It depends, especially if it happens when Trump is President.