Insurance Companies Are Abandoning Florida And Other High-Risk States Amid Climate Disasters
Douglas McIntyre, Editor-in-Chief at Climate Crisis 24/7, reports that major insurance companies—including Farmers, AAA, and United Property and Casualty—have exited Louisiana and Florida due to mounting losses from increasingly severe hurricanes. With limited or no insurance options available, many residents may find themselves unable to secure mortgages, putting housing markets at risk of sharp declines in property values.
More from ClimateCrisis 247
- EV Demand Plummets as American Consumers Lose Interest in Electric Cars
- How the U.S. Battery Industry Could Gain From the Trade War
- Why Climate Change and National Security Are Indeed Linked
- China Could Harm The American EV Industry