The number of people who signed up then didn't pay their premiums fell much more than expected after prices skyrocketed. #healthcare #aca #insurancecrisis
Posted into FLIPBOARD EXCHANGE FEED 🗞️ @flipboard-exchange-feed-Econopass
#insurancecrisis — Public Fediverse posts
Live and recent posts from across the Fediverse tagged #insurancecrisis, aggregated by home.social.
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Even low-risk homes are caught up in California’s insurance crisis https://www.byteseu.com/1878541/ #BareBonesCoverage #California #CashStrappedPlan #environment #FairPlan #Growth #HighRiskArea #homeowner #insurance #InsuranceCrisis #insurer #LastYear #market #Policy #state #year
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🌪️💸 Breaking news: People can't read about why they can't afford insurance! Instead of learning how disaster-prone cities are becoming unaffordable, you're stuck with a "Permission Denied" error. Clearly, the true disaster is navigating this website. 🔒🚫
https://www.accuweather.com/en/weather-news/homeowners-insurance-is-pricing-people-out-in-disaster-prone-cities/1813821 #insurancecrisis #websiteissues #disasterpreparedness #techfailures #accessdenied #HackerNews #ngated -
Same, I now pay more than half each month for insurance what I used to pay in mortgage each month!t. May have to become self - insured. No wonder people can’t afford to buy a home. #insurancecrisis
https://urbanists.social/@MartyCormack/115108663641412070 -
Burned out: How privatised risk is failing victims of climate disasters
#ClimateCrisis #PrivatisedRisk #ClimateJustice #Wildfires #DisasterResponse #InsuranceCrisis #HousingCrisis #SystemicFailure #PublicPolicy #EnvironmentalJustice
https://the-14.com/burned-out-how-privatised-risk-is-failing-victims-of-climate-disasters/ -
@jeridansky The actuarial data is probably a perfect match for AI: “identify and categorize losses in area X not specifically weather or water related, categorize according to difficulty of remediation”
… and voila, you have causes of loss that are difficult/expensive to remediate, for which the insurer could credibly cancel your coverage.
#ClimateChange #insurancecrisis -
U.S. Insurers Are Refusing to Cover Climate Change Risk Zones
As countries worldwide experience more regular extreme weather events, insurers have become more reluctant to cover properties in…
#Climate #ClimateChange #Climate-Change #California #climatechange #extremeweather #floodzones #Florida #globalwarming #homeinsurance #Housingmarket #insurancecrisis #mortgageaccess #Wildfirerisk
https://www.europesays.com/2223271/ -
California's Insurance Crisis: A Fiery Intersection of Climate Change and Coverage
As wildfires rage across California, the state's insurance market teeters on the brink of collapse. With a recent regulation aimed at improving coverage access, the reality of climate-induced disaster...
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Would have been nice if the article called out the very clear linkage of the increase in #ExtremeWeather to #ClimateCrisis.
I fear those most vulnerable to the #InsuranceCrisis are also less likely to be aware of the impacts of #ClimateChange. And so will continue to vote for people and policies that aggravate the climate crisis
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Our insurance is wanting 1000 USD for a month of temporary insurance for until we get the bus we are going to slowly convert into rv that we are going to end up living in out of NJ as NJ requires insurance to drive on public roads unlike Colorado and we can't afford to keep living in rented spaces and need help raising money and we can't fully get the bus until we have insurance for it
The 1000 usd requirement is the insurance way of saying fuck you btw
0/1000
https://www.paypal.me/inaraclocks
#transinneed #fuckinsurance #BegPost #newjersey #insurancecrisis
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💼🔒 Struggling small businesses are facing skyrocketing costs for cybersecurity insurance, making it a daunting task to stay protected in the digital age. 🌐🔍
The recent MGM Resorts hack, causing a staggering $100 million loss, highlights the crucial need for robust cyber insurance. But as CEO Bill Hornbuckle hinted, the next year's bill might be even steeper! 📈💸
Is your business ready to tackle these rising costs? Dive into the full story and discover why cybersecurity insurance is becoming a luxury some can't afford! 🛡️🚫
👉 Read more: https://short.steelefortress.com/zd7hro
#CyberSecurity #BusinessProtection #InsuranceCrisis #DigitalSafety #RisingCosts https://short.steelefortress.com/zd7hro #CyberSecurity #TechNews #Privacy
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‘Kitty cat’ storms hitting US heartland are growing threat to home insurance | Climate crisis | The Guardian
https://www.theguardian.com/environment/article/2024/may/24/hail-storm-tornadoes-midwest-home-insurance#ClimateChange
#SecondaryStorms
#KittyCatStorms
#Uninsurable
#FireInsurance
#California
#HighPremiums
#ClimateCrisis
#TornadoAlley
#Oklahoma
#NationalAssociationOfMutualInsuranceCompanies
#Insurance
#InsuranceInstituteForBusinessAndHomeSafety
#InsuranceCrisis -
I’m anxious to hear anyone’s story about homeowners insurance cancellations in California. Anyone have experience with The Fair Plan?
Actually any related stories from any state about climate related insurance cancellation are welcome.
#theFairplan #insurancecrisis #climatecrisis -
We have ample “defensible space “, we’ve trimmed up the trees, we’ve put on a new roof, yet now our insurance company wants to cancel our homeowners insurance unless we replace our redwood deck with plastic Trex ($30,000)
#insurancecrisis #wildfire #somomacounty -
Gift article from the Washington Post; How ‘cherry-picking’ policies let one insurer win big in Florida’s insurance crisis
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https://www.theclimatebrink.com/p/climate-change-and-insurance-the
Insurance - the canary on the coal mine for social upheaval caused by climate change.
As per one of my recent toots…..
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US sets new record for billion-dollar climate disasters in single year https://www.theguardian.com/environment/2023/sep/11/us-record-billion-dollar-climate-disasters?CMP=Share_iOSApp_Other
Hence my speculation that it will be the insurance industry that instigates the tipping point for profound system change.
When £ of mitigation < £ of damages, surely the dynamic changes?
#ClimateCrisis #uninsurable #climatemitigation #insurancecrisis