Home Insurance is a Really Big Problem
Their renter’s insurance didn’t cover natural disasters — only flooding from building malfunctions, such as burst pipes — and the FEMA flood relief they received came to just $250.
When Your Dream Apartment Keeps Flooding
In Hawaii, where insured property losses exceed $3 billion dollars, homeowners face rising insurance premiums as a result of climate disasters. Californians are familiar with this pain: State Farm and Allstate have already stopped offering homeowner policies in the state due to a combination of government-imposed rate caps, expensive reinsurance,... See more
America’s Carbon Bill Is Coming Due
Two bills recently passed requiring owners and sellers in New York State to disclose flooding to tenants and buyers. Robert Carroll, the assemblymember who sponsored them, says it’s simply best practice to warn people moving into homes about flooding, especially since heavy rainfalls are now impacting areas no one expected to have issues. (Before... See more
Kim Velsey • When Your Dream Apartment Keeps Flooding
Insurance industry is a wonderful market to watch for insights into what’s going on in the world. For example, if you go to buy a house in a flood plane, where the developer insists, “it hasn’t flooded here for x years…. It’s fine”. Seeing if anyone will sell you flood insurance tells you everything you need to know. So when Geico won’t insure your
... See moreCoastal Chaos as an essay, discussing the love of my hometown but the threat to this lifestyle. And the high risk developments that are taking place today. Similar to the expensive LA homes who were burned down the ground