Rising Insurance Premiums Could Pose An Existential Threat To Housing Market
It's no secret that climate change-related insurance premium increases are making life difficult for homeowners. The premium increase pain is particularly acute in states like California and Florida where many insurance companies are not only raising premiums, they are dropping policies and refusing to write new ones. In some cases, they are leaving these states altogether. Now, a new study shows that a long-term continuation of this trend could pose an existential threat to the housing market.
Source: yahoo.com
