Odusei@lemmy.world to News@lemmy.world · 1 year agoAAA pulls back from offering insurance in Florida, following Farmerswww.cbsnews.comexternal-linkmessage-square85fedilinkarrow-up1417arrow-down12file-textcross-posted to: climate@slrpnk.netusnews@beehaw.orgnews_us@lemmy.link
arrow-up1415arrow-down1external-linkAAA pulls back from offering insurance in Florida, following Farmerswww.cbsnews.comOdusei@lemmy.world to News@lemmy.world · 1 year agomessage-square85fedilinkfile-textcross-posted to: climate@slrpnk.netusnews@beehaw.orgnews_us@lemmy.link
minus-squaredanhasnolife@lemmy.worldlinkfedilinkarrow-up26·1 year agoInsurance companies are about the purest form of capitalism around. If they aren’t making money, they aren’t going to participate. This is going to be a problem for California, Florida, Louisiana, and places in the Mountain West.
minus-squareMdotaut801@lemmy.worldlinkfedilinkarrow-up6arrow-down1·1 year agoMountain west? Why? I don’t see anything particularly concerning in Utah but maybe I’m not paying enough attention?
minus-squareInternetCitizen2@lemmy.worldlinkfedilinkarrow-up2·1 year agoI think the whole western half of the country is strained for water, so might have to do with that.
minus-squareMdotaut801@lemmy.worldlinkfedilinkarrow-up1·1 year agoAh gotcha. Why would a drought increase my insurance premiums?
Insurance companies are about the purest form of capitalism around. If they aren’t making money, they aren’t going to participate. This is going to be a problem for California, Florida, Louisiana, and places in the Mountain West.
Mountain west? Why? I don’t see anything particularly concerning in Utah but maybe I’m not paying enough attention?
I think the whole western half of the country is strained for water, so might have to do with that.
Ah gotcha. Why would a drought increase my insurance premiums?
It’s probably the fire