While there are positive signs – including new capacity coming into the marketplace – unprecedented industry losses and unprofitability in Homeowners and Auto Insurance will significantly impact pricing and availability, especially in catastrophe-prone areas and states with challenging regulations.
Tag: cat-prone areas
Property Insurers Curb New Policies in Cat-Prone Areas Nationally
Insurance companies are pulling back on homeowners’ policies in vulnerable areas nationally out of fear of floods, storms and fires made worse by climate change and soaring costs of rebuilding.