The New York Times has created a map visualizing the rates at which home insurance companies have refused to renew policies in each U.S. county, using the most recent data from the U.S. Senate Budget Committee. As climate change has been exacerbating disasters like hurricanes, wildfires, and landslides, insurers have been pulling out of markets across the country. According to the map, the increase in nonrenewal rates has spread beyond California and Florida—which are traditionally higher-risk areas due to natural disasters—to Alabama, Mississippi, and the Carolinas.
Take a look.
Alice J. Roden started working for Trending Insurance News at the end of 2021. Alice grew up in Salt Lake City, UT. A writer with a vast insurance industry background Alice has help with several of the biggest insurance companies. Before joining Trending Insurance News, Alice briefly worked as a freelance journalist for several radio stations. She covers home, renters and other property insurance stories.