Insurance industry has nowhere to spread the risk

Next Door confirms that So Cal homeowners insurance is next to impossible to get now. Forget what was true a year ago.

“Despite some concessions from regulators, insurers are bracing for a tough future. Allstate’s Wilson said that everywhere in the country is at some risk from increasingly severe weather. “There is no place that’s safe,” he said, “and no place that’s not going to be impacted.” “

Buying Home and Auto Insurance Is Becoming Impossible:

https://www.wsj.com/articles/insurance-home-auto-rate-increases-climate-change-03b806f3

San Diego Condos also getting hit:

https://www.sandiegouniontribune.com/pomerado-news/news/story/2023-02-13/san-diego-lawmakers-urge-state-to-help-condo-owners-hit-by-soaring-insurance-costs

Comments are closed.

Start a Blog at WordPress.com.

Up ↑