Eric Feigl-Ding
Eric Feigl-Ding

@DrEricDing

3 Tweets 7 reads Dec 22, 2024
šŸ“‰INSURANCE DROPPING COVERAGE of homeowners nationwide due to flood and fire risk. Florida, North Carolina, and California worst hit—but also coastal areas like Cape Cod, and gulf areas of South Carolina, Mississippi, and Louisiana too. Drastic statewide pullout in Florida is decimating real estate there.
2) Insurers Are Deserting Homeowners as Climate Shocks Worsen
Without insurance, it’s impossible to get a mortgage; without a mortgage, most Americans can’t buy a home.
Gift šŸŽ link
nytimes.com
3) Obviously I know SC is not a gulf state. I meant to insert SC with the ā€œcoastalā€ areas before that. C’mon guys, allow me a typo.
The bigger issue is what will homeowners and businesses do next year when next flood / wildfire comes?
nytimes.com

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