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Catastrophic Wildfires Exacerbate Insurance Crisis in California and Florida /
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2024-04-30 09:52:44

Catastrophic Wildfires Exacerbate Insurance Crisis in California and Florida on Nostr: Catastrophic Wildfires Exacerbate Insurance Crisis in California and Florida ...

Catastrophic Wildfires Exacerbate Insurance Crisis in California and Florida
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#1e22b6bd ver:0.14

Catastrophic wildfires in California and Florida are exacerbating the insurance crisis, with insurers pulling out and pausing new policies. This will slow demand for homes, causing falling prices. Homeowners may have to sell due to nonrenewals, while others may forgo insurance, risking their homes. Florida's insurance market is also facing challenges, with concerns over solvency and high costs. Hawaii and Colorado have experienced similar issues. The economic impact is significant, affecting tax revenue and displacing residents. #InsuranceCrisis #Wildfires #California #Florida #Homeowners...

#newstr #InsuranceCrisis #Wildfires #HomePrices #HurricanePreparedness #PropertyInsurance #Risk #Reinsurance #Fireresistant #EconomicImpact

https://here.news/story/1e22b6bd?ver=0.14
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