:elmofire:

  • Lovely_sombrero [he/him]
    ·
    1 year ago

    They are doing this to get more government subsidies. Flood insurance in coastal areas is already heavily subsidized by the government.

    The "you are fully on your own" moment is coming soon tho.

  • GarfieldYaoi [he/him]
    ·
    1 year ago

    :grillman:: "Universal healthcare? No thanks, I prefer my insurance that I was forced to buy, thank you very much. Sometimes they tell me no and I get to give a billionaire a ton of money for nothing. It's all about helping the economy."

  • Frogmanfromlake [none/use name]
    ·
    1 year ago

    This was always expected from insurance companies and will probably becoming increasingly common as climate change continues to worsen.

  • Aryuproudomenowdaddy [comrade/them]
    ·
    1 year ago

    My grandparents got dropped by their fire insurance 5~ years ago and the only company that would take them quadrupled the cost.

  • kissinger
    ·
    edit-2
    11 months ago

    deleted by creator

  • medium_adult_son [he/him]
    ·
    1 year ago

    I wonder what the federal government will do about this.

    Another FDR could run on a jobs program to manage forests and mitigate some flooding of coastal areas. And lifting houses up on stilts like they did after hurricane Sandy in New Jersey, but rich fuckers' coastal vacation homes will be demolished or allowed to fall into the sea. Flood insurance has become so expensive in large part due to paying to rebuild their beach mcmansions every 5-10 years.

    We're probably past electing another FDR at this point, but something will have to be done at a federal level. The US is practically built on real estate prices always increasing and it is a large reason why people vote for one bourgeois dictatorship party or the other.

  • Haterade
    ·
    edit-2
    11 months ago

    deleted by creator

    • UlyssesT [he/him]
      ·
      1 year ago

      "No one is buying these empty houses, so the only answer is to cut taxes more!" :the-republican:

    • medium_adult_son [he/him]
      ·
      1 year ago

      But will the prices keep increasing if the people buying a house in an area prone to wildfires know it will be expensive to insure?

      There must be some law that prevents State Farm from not insuring homes at high risk of being destroyed by a wildfire, so instead they pulled out entirely from the most populous state in the US.

      For floods there are maps that clearly state where the federal government-backed flood insurance is required, fires not so much.

      • Haterade
        ·
        edit-2
        11 months ago

        deleted by creator

        • medium_adult_son [he/him]
          ·
          1 year ago

          Yes it is and I'm glad you get to watch it burn from a distance. I'll be here for the foreseeable bleak future.

  • hashbrowns4life [none/use name]
    ·
    1 year ago

    This is pretty regular - no insurance company will take you on during a catastrophe. They label is as such and refuse new policies.