- cross-posted to:
- news@kbin.social
- cross-posted to:
- news@kbin.social
More insurance companies are fleeing the state because of the growing threat from natural disasters.
More insurance companies are fleeing the state because of the growing threat from natural disasters.
Not saying insurance companies are good but I’ve read a lot of the problem is with insurance scams where a roofing company will tell the homeowner they can replace their roof for free with insurance, even if it’s not necessary. Then that company will sue the insurance Co if they don’t pay for it.
That’s part of it but it’s state law that made that possible, even with tort reform.
And if the state is going to legislate that way, there’s even more reason to pull coverage.
It’s half climate change related, and half their own doing.