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This is a way bigger problem than people realize. If you can't afford insurance, or it isn't offered at all for your location, you cannot get a mortgage or a business loan.

The insurance crisis will grind the economy to a screeching halt.

Link: https://www.resilience.org/stories/2025-06-15/no-safety-net-insurance-starts-to-go-away/

"Not only are insurance premiums rising, but insurers are abandoning homeowners altogether with polices declining by 19 percent in the riskiest areas between 2015 and 2023."

#Insurance #Housing #Mortgage #Business #Economy