Similar Stories to Natural Disasters Are Scaring Property Insurers Away. States Are Trying To Help on Bing News

It’s a problem that has played out across U.S. states as climate change and more development raise the risks of natural disasters damaging communities. Months after a catastrophic fire burned more than 2,200 homes in Hawaii, some property owners are getting more bad news—their property insurance won’t be renewed because their insurance company has deemed the risk too high.

Topics:  u.s    months   hawaii   property   states   natural disasters   insurance   
BING NEWS:
  • Berkeley homeowners scramble after insurers end coverage citing fire risk
    Non-renewals are leaving homeowners with few options and rising costs for lower coverage while regulators rush to reform state policy.
    06/12/2024 - 9:01 am | View Link
  • States beg insurers not to drop climate-threatened homes
    Consumer advocates say long-overdue conversations about development in areas prone to natural disasters are being driven by property insurers, not governments. “Insurance companies have basically ...
    06/10/2024 - 1:30 am | View Link
  • Florida, other states beg insurers not to drop climate-threatened homes
    There’s climate change, forget all those times we’ve nodded our head yes and told you that you can live there,” said one insurance industry analyst.
    06/9/2024 - 6:38 am | View Link
  • Insurers made billions after raising rates and dropping coverage
    The U.S. property insurance industry has returned to profitability after a tumultuous year in which it addressed climate-related shocks by raising rates and dropping coverage in disaster-prone areas.
    06/6/2024 - 11:21 pm | View Link
  • States Get Desperate As Climate Drives Away Insurers
    Stateline ran an excellent analysis titled “States beg insurers not to drop climate-threatened homes.” The begging itself won’t ...
    06/6/2024 - 4:25 am | View Link
  • More

 

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