A nationwide crisis of the home insurance market in the US, sparked by climate change, could lead to a housing crash worse than in 2008, a new report warns.

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Insurance crisis could spark housing market crash worse than 2008: Report

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Five hurricanes made landfall in the United States this year, causing half a trillion dollars in damages. Flooding devastated mountain towns along the East Coast. Scores of wildfires burned almost 8 million acres nationwide. As such events grow more common, and more devastating, homeowners are seeing their insurance premiums spike […] The post New Congressional Reports Show How Dire the Climate Insurance Crisis Really Is appeared on Russia News …

Russia News Now

New Congressional Reports Show How Dire the Climate Insurance Crisis Really Is - Russia News Now

With increasingly common climate disasters, analysts say “the model of insurance as it stands right now isn’t working.”…

Grist

New Congressional Reports Show How Dire the Climate Insurance Crisis Really Is

By Tik Root, Grist This story was originally published by Grist. Sign up for Grist’s weekly newsletter here. Five hurricanes made landfall in the United States this year, causing half a trillion dollars in damages. Flooding devastated mountain towns along the East Coast. Scores of wildfires burned almost 8 million acres nationwide. As such events grow more common, and more devastating, homeowners are seeing their insurance premiums spike — or in…

Verite

New data shows just how bad the climate insurance crisis has become

New reports from Maryland Insurance Administration and U.S. Senate document accelerating rate of homeowners being denied policy renewals. 
SILVER SPRING, Md. — If your homeowners insurance renewal has been denied or your premiums have spiked, you’re not alone.  A growing crisis tied to climate change and extreme weather is making it harder and more expensive for Americans to insure their homes, with the issue projected to worsen in 2025, accordi…

smallbizsage.com

Climate Change: Insurance companies are dumping homeowners at accelerating rate

Insurance is meant to be a lifeline in tough times. It is supposed to provide you with financial security when life takes an unexpected turn. But what happens when the very company you trust turns its back on you? That is what we call bad faith insurance. Let’s face it – dealing with insurance companies ... The post Exposing Bad Faith: How To Hold Insurance Companies Accountable appeared first on KHTS Radio.

hometownstation.com

Exposing Bad Faith: How To Hold Insurance Companies Accountable

The insurance crisis, fueled by climate change, threatens a housing market crash worse than in 2008. Explore the implications!

Insurance crisis could spark housing market crash worse than 2008: Report

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