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    CelloMom On Cars (cellomomoncars@mastodon.social)'s status on Thursday, 16-Jan-2025 00:09:49 JSTCelloMom On CarsCelloMom On Cars
    in reply to

    This is #ClimateInflation:

    "Nationwide, premiums rose 34% between 2017 and 2023 [more than 50% in some states], and they continued to rise in 2024 across much of the country.

    U.S. homeowners #insurance will continue to get more expensive and cover less.

    The insurance companies are not making political statements with the increases. They are looking at the numbers, calculating risk and pricing it accordingly. And the numbers are concerning."

    https://theconversation.com/why-home-insurance-rates-are-rising-so-fast-across-the-us-climate-change-plays-a-big-role-238939
    #HomeInsurance

    In conversationabout a month ago from mastodon.socialpermalink

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    1. Domain not in remote thumbnail source whitelist: images.theconversation.com
      Why home insurance rates are rising fast across the US – climate change plays a big role
      from @HoffmanAndy
      Insurers are raising rates quickly, and it’s not just in California and Florida. They’re often shrinking coverage at the same time.
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