silence7As Insurers Around the U.S. Bleed Cash From Climate Shocks, Homeowners Lose
How many different subs are you going to repost this to?
Three, on different servers — one for climate, one for a general news reach, and one which is just New York Times gift articles
Also, in those states: "Climate Change is a lie!"
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
This implies an end to mortgages (or sharply higher interest rates) and a huge drop in real estate prices.