Destructive weather is having a major effect on the home insurance market,
setting off the first domino in a chain reaction that could affect the entire economy.
setting off the first domino in a chain reaction that could affect the entire economy.
As wildfires, floods, and storms become more frequent and severe,
insurance companies are pulling back from high-risk areas or raising premiums to unaffordable levels. Without reliable insurance, homes become uninsurable and impossible to mortgage,
threatening property markets and the broader economy.
insurance companies are pulling back from high-risk areas or raising premiums to unaffordable levels. Without reliable insurance, homes become uninsurable and impossible to mortgage,
threatening property markets and the broader economy.
If insurance can’t cover the costs, who should pay?
