This is not good news

[Huntingfool]

California isn’t the only place where insurers are dropping homeowners

[Pedernal]

Been going on for a while on homes by the coast I thought I had heard.

[Smart]

Newsflash!!

[hooligan]

I moved a mile down the road and couldn’t get coverage from the same provider but then again I’ll never deal with txfb again

mutiple big companies wouldn’t cover us in Coppell due to wind/hail damage history in the area

[tx_basser]

I have a feeling this is going to get worse with the losses they are seeing. Hurricane, Floods, Wind, Hail, etc.

We put our house up for sale in Sachse in May and the big hail and windstorm came hit. Had to have roof replaced and we replaced with class III hail and wind resistant so new buyers would not have to worry about future storms.

[Txhunter3000]

Someone will come up with an attractive alternative to insurance and make Bezos and Musk look like amateurs.

[ACbob]

While the legislature is meeting they should require insurers to either write the whole state, or none of it.

[Huntingfool]

What happened in California is the state limited what the insurance companies can charge for the insurance - so if it is a high risk state like California the companies simple pull out instead of losing billions of dollars - pretty basic move that any type of company would do - if any business owner anywhere realizes that they will lose their butts if they take on a risk then they too will bail out too- simple business decision

[eradicator]

Burt Reynolds died...

[Johnny Dangerr]

Every company has to make a profit. The minute you start losing money - - close it down.

I live in hurricane alley and expect it to get higher like tomorrow for us...

[Ungawa]

California isn’t the only place where insurers are dropping homeowners

What happened to make you say this? Where else is this happening?

[Calrob]

While the legislature is meeting they should require insurers to either write the whole state, or none of it.

From what Ive seen, some of these folks oughtta take a little personal responsibility. Building a home on the side of a cliff where mudslides happen every year is the problem of the homeowner.

[1riot1ranger]

What happened in California is the state limited what the insurance companies can charge for the insurance - so if it is a high risk state like California the companies simple pull out instead of losing billions of dollars - pretty basic move that any type of company would do - if any business owner anywhere realizes that they will lose their butts if they take on a risk then they too will bail out too- simple business decision

It was this ^ plus. California did little to nothing to mitigate the risk. No forest undergrowth management, no controlled burns, inoperable fire hydrants, inoperable equipment, etc. Insurance companies make money writing policies. For them to pull out of a rich populated state like California had to be no small decision...

[Txhunter3000]

While the legislature is meeting they should require insurers to either write the whole state, or none of it.

Nobody could afford the rates. Look at building materials and groceries, they learned that you claim supply chain issue an get by with a lot. Companies aren't going to give up profits to do what's right. With the FEDs dropping interest rates why should they give up profits. I'll bet you 10 to 1 that automotive parts not being available is a ploy to get you to buy a bigger piece of sh**.

[GA Bowhunter]

What happened to make you say this? Where else is this happening?

Florida. Hurricanes, floods and sinking/collapsing condo buildings.