A Quarter of All Homeowners Could Lose Insurance Due to Climate Change
NonProfit Quarterly
NOVEMBER 2, 2023
In the case of disaster-prone states like California, some insurance companies may feel it’s not profitable to insure homeowners there anymore and are pulling out of those markets. Grist cites one city in California, San Bernardino, where between 2015 and 2021, non-renewals of policies jumped 774 percent.
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