ALL insurance is a scam. A government sanctioned and regulated pyramid scheme.
ALL insurance is a scam. A government sanctioned and regulated pyramid scheme.
Also known as "miss-managed areas".
Archive: https://archive.today/SANWV
From the post:
>As countries worldwide experience more regular extreme weather events, insurers have become more reluctant to cover properties in high-risk areas. However, without insurance, it is impossible for many people to gain access to mortgage financing. We are seeing an insurance crisis in the United States, as insurers are becoming less likely to offer coverage for homes in certain areas, particularly those that have experienced natural disasters, such as flooding and wildfire, in recent years. Between 2018 and December 2024, over 1.9 million home insurance contracts were “nonrenewed”, meaning they came to an end. The nonrenewal rate tripled or more in over 200 U.S. counties, according to a congressional report. These figures became clear following an investigation spurred by the Senate Budget Committee, which demanded in November 2023 that the largest U.S. insurance companies provide the number of nonrenewals by county and year.
Also known as "miss-managed areas".
Archive: https://archive.today/SANWV
From the post:
>>As countries worldwide experience more regular extreme weather events, insurers have become more reluctant to cover properties in high-risk areas. However, without insurance, it is impossible for many people to gain access to mortgage financing. We are seeing an insurance crisis in the United States, as insurers are becoming less likely to offer coverage for homes in certain areas, particularly those that have experienced natural disasters, such as flooding and wildfire, in recent years.
Between 2018 and December 2024, over 1.9 million home insurance contracts were “nonrenewed”, meaning they came to an end. The nonrenewal rate tripled or more in over 200 U.S. counties, according to a congressional report. These figures became clear following an investigation spurred by the Senate Budget Committee, which demanded in November 2023 that the largest U.S. insurance companies provide the number of nonrenewals by county and year.
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