I wouldn’t be surprised if a majority of those casualties in the USA will be in Florida and California.
Many of the major insurance companies stopped issuing new home owners policies in those states because it was no longer profitable or very risky. IIRC, increasing housing costs and frequency of these events was the main reason they pulled out
Yup. The same people who deny science start paying attention once their own money becomes involved.
In Florida, the issue is rising sea levels. If you look at one of those interactive maps showing the effects of a rising sea level, you’ll notice that all of southern Florida is at risk of major flooding.
In California, wildfires are the problem. As the atmosphere gets warmer and rainfall becomes unreliable, forests get drier. Fires will become bigger, spread faster, and be even more frequent.
Neither state will be a profitable place for home insurance companies.
I wouldn’t be surprised if a majority of those casualties in the USA will be in Florida and California.
Many of the major insurance companies stopped issuing new home owners policies in those states because it was no longer profitable or very risky. IIRC, increasing housing costs and frequency of these events was the main reason they pulled out
Yup. The same people who deny science start paying attention once their own money becomes involved.
In Florida, the issue is rising sea levels. If you look at one of those interactive maps showing the effects of a rising sea level, you’ll notice that all of southern Florida is at risk of major flooding.
In California, wildfires are the problem. As the atmosphere gets warmer and rainfall becomes unreliable, forests get drier. Fires will become bigger, spread faster, and be even more frequent.
Neither state will be a profitable place for home insurance companies.