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.
Just sprinkle some of that Texas "freedom" on the problem and it'll go away.
For climate denier this is the only way to hit it home, the wallet. Sure you can live anywhere you want but that will cost you. Don’t want to pay ? Fine and don’t cry at the next natural event.
Just wait until insurance premiums are affected by this tariff nonsense.
Everything is bigger in Texas!
Almost like a state hell bent on deregulation is considered high risk.
I mean florida has to be higher.