The Home Owners Insurance Crisis in the US

[Kätzchen]

Here’s an extra post I found to help get this forum thread started:

LINK: https://therevolvingdoorproject.org/...-wake-up-call/

For homeowners in the mid-west (Iowa, Illinois, Michigan, Oklahoma, Kansas, etc), who have often faced tornadoes, hail storm damage, and raging flooding water scenarios of late, check out the Revolving Door Project link above.

Here is a key passage from their blog post:

“Democrats must start providing a climate-sensible and pro-consumer alternative to the deregulatory Republican led agenda that is pushing to help insurers to maximize profit and shift risks to the less powerful.”

I can’t help but wonder if the homeowners insurance market is dominated by Republican ownership of insurance agencies. I’m guessing it is because during the pandemic Republican owned businesses cashed in on government payouts to stay afloat, yet Republicans won’t protect American consumers even in the homeowners insurance market.

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Anyhow, I felt the blog post was very informative in helping the home owner community to explore alternative remedies to the housing insurance crisis. 💐