Skyrocketing Home Insurance Costs Hit Miami and New Orleans
Douglas McIntyre, Editor-in-Chief at Climate Crisis 24/7, reports that home insurance in New Orleans and Miami has skyrocketed to over $10,000 per year. Driven by extreme weather, particularly hurricanes, these costs are making housing unaffordable for many middle-class families. With rates rising 17% annually, residents in these cities face monthly housing costs exceeding $5,000 when mortgages and insurance are combined.
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