Home Insurance Rates in America Are Wildly Distorted. Here’s Why: Climate change is driving rates higher, but not always in areas with the greatest risk.

Home Insurance Rates in America Are Wildly Distorted. Here’s Why.

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But new research points to a striking pattern: Higher premiums are being charged in states where regulators apply less scrutiny to requests for rate increases, compared with states where officials question the justifications offered by companies and try to keep rates low, the data show.
Not what I was expecting to read, but not that surprising either.
- another example of red states fucking their own citizenry over instead of providing oversight.
I am going to take a wild guess and say that climate change is not the main factor for rising insurance rates...
- Well, it certainly is in some places. But certainly not all, no. Florida for instance; something like 1/3 of the state would be under water if sea level rose by just 5'. Many insurers are already leaving the state entirely, because they can't charge enough to cover their payments. So, ???
  
  from what I've read sea-level rising is a long, long term issue.
  hurricanes on the other hand are expected to destroy thousands of homes, again and again, each year, from here out. we've poured so much heat into the atlantic there's not much else that can happen.
  
  I dont think it would make a difference outside of the noise of all the other things. I get that the sea rising in Florida would be bad, but I dont think that would play a role in the next long time except on the houses directly on the coast.
My homeowner's insurance went up $300 a month this year, and my auto insurance went up FIFTY FUCKING PERCENT along with it

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