silence7@slrpnk.net to News@lemmy.worldEnglish · 6 months agoAs Insurers Around the U.S. Bleed Cash From Climate Shocks, Homeowners Losewww.nytimes.comexternal-linkmessage-square6fedilinkarrow-up10arrow-down10
arrow-up10arrow-down1external-linkAs Insurers Around the U.S. Bleed Cash From Climate Shocks, Homeowners Losewww.nytimes.comsilence7@slrpnk.net to News@lemmy.worldEnglish · 6 months agomessage-square6fedilink
minus-squareslurpinderpin@lemmy.worldlinkfedilinkarrow-up0·6 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-squaresilence7@slrpnk.netOPlinkfedilinkarrow-up0·6 months agoThey’re ditching inland areas too, for different climate-related reasons.
minus-squareslurpinderpin@lemmy.worldlinkfedilinkarrow-up0·6 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
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