"Home Insurance Crisis: States Struggle with Coverage Gaps and Cancellations"
TL;DR
Severe weather, particularly hail, has led to significant financial losses for insurance companies in Minnesota, causing some to consider withdrawing from the region. Homeowners are facing soaring insurance rates, and the state has introduced a high-risk insurance product called FAIR as a last resort. Climate change is exacerbating the situation by increasing the frequency and severity of weather events.
Topics:nationinsurance#climate-change#homeowners-insurance#insurance#insurance-costs#minnesota#severe-weather
- A look at the uncertain future of homeowners insurance in Minnesota CBS Minnesota
- Iowa Insurance Commission looks to add more options as insurance companies pull out of Iowa KCRG
- How Bluelining Leaves Climate Vulnerable Communities Without Home Insurance CounterPunch
- Your home insurance company canceled your policy. Now what? Vox.com
- home appraiserer Sacramento Appraisal Blog
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Read on CBS Minnesota