The insurance industry is in deep trouble due to the effects of climate change disasters and it is only going to get worse.
https://thinc.blog/2024/05/14/nytimes-blockbuster-on-climate-and-home-insurance/
Without insurance, banks won’t issue a mortgage; without a mortgage, most people can’t buy a home. With fewer buyers, real estate values are likely to decline, along with property tax revenues, leaving communities with less money for schools, police and other basic services.
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time for non profit insurance. that's supposed to be its purpose, meatheads🤨😾😤