Homeowners in states hobbled by extreme weather are running out of options to protect their homes

In California, there have been eight disaster events since 2020 that have caused between $20 billion and $50 billion in damages combined.

In Florida, 16 severe storms or hurricanes since 2020 have caused between $100 billion and $200 billion in damages. Feeling out of the loop? We'll catch you up on the Chicago news you need to know. Sign up for the weekly The retreat of household-name insurance companies is one reason homeowners in Florida and California are seeing eye-watering increases in premiums — raising fresh questions about whether the already oaring cost of living in these two states is sustainable for its residents.

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Some homeowners are going 'naked' without insurance in states where it's too expensiveAs the losses from natural disasters become more acute, a growing number of insurance firms are declining to offer or renew coverage in California and Florida, leaving 60 million Americans with dwindling options to protect their livelihoods.
Source: NBCNews - 🏆 10. / 86 Read more »