Dave Rahardja on Nostr: The #insurance armageddon is coming slowly, but surely. I shop for new insurance ...

The #insurance armageddon is coming slowly, but surely. I shop for new insurance (auto, home, umbrella, etc.) once every few years to make sure I’m still getting decent deals. But this year, my insurance agent told me that I should be glad that I *have* insurance at all, because companies have stopped writing new policies in certain states, or at least limiting how many new ones they write per year.

#Califorinia, #Florida, and #Texas are now personas non grata for insurance companies, my agent said. Why is that, I wonder? Could it be because these states are the most likely to sustain major damage due to #climateChange? Wildfires, extreme weather, coastal floods, and hurricanes have changed their risk profiles, and insurance companies are paying attention.

Climate change is here, folks. Actuarial tables do not lie.