Insurers like State Farm and Allstate are withdrawing from fire- and flood-prone areas, impacting home values. Lahaina wildfire survivors in Hawaii remain homeless, living in beach encampments months after the blaze. In California, a property owner faced a 10X increase in insurance cost to $175,000, unable to pass it to renters. Insurance companies are abandoning clients in the South post-natural disasters, raising premiums and resisting regulations, leaving homeowners to cope with the aftermath. The Lahaina fire in Hawaii has led to exorbitant rental costs for survivors.
The Lahaina fire leveled their home. Now the cheapest rental they can find is $10,000 a month. https://t.co/67yrIEYUlx
Natural disasters now cost the United States $97 billion a year. In the wake of these calamities, insurance companies are deserting homeowners, increasing rates, and blocking regulation measures. https://t.co/2L2usv9jnS
As increasingly severe natural disasters ravage the South, insurance companies are abandoning clients, increasing premiums, and fighting regulation measures — forcing homeowners to fend for themselves in the wake of destruction. https://t.co/2L2usv9Rdq
These #Florida residents rebuilt houses in flood zones. Now @FEMA is cracking down, because Lee County has long been a poster child for risky waterfront development. https://t.co/FsQrCDXpHJ via @jake_bittle
Guy owns apartment complex in California. Used to pay $19000 a year in insurance. Most Insurers fled. His latest quote from the Last Resort insurer? $175000! 10X increase! Can’t pass the cost to renters. They will leave. The whole state is a mess.
Guy owns apartment complex in California. Used to pay $19000 a year in insurance. Most Insurers fled. His latest quote from the Last Resort insurer? $175000! Can’t pass the cost to renters. They will leave. The whole state is a mess.
Lahaina wildfire survivors camp out in tents after temporary housing measures end https://t.co/K82ZkDoSxj https://t.co/K82ZkDoSxj
EXCLUSIVE: Lahaina wildfire survivors are homeless and living in beach encampments https://t.co/xa5ukA5MyG https://t.co/75lcR0zDph
Lahaina wildfire survivors are homeless and living in beach encampments eight months after Hawaii's deadliest blaze ripped through the Maui town and displaced thousands https://t.co/kI8SLqmors https://t.co/az1o3dQiaU
Insurers such as State Farm and Allstate are leaving fire- and flood-prone areas. Home values could take a hit https://t.co/f1gAoqROTB