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Rat's avatar

«It’s estimated that over 79% of US population growth happened in coastal states from 2000-2016, putting more strain on insurance companies.» — https://matic.com/blog/mid-year-home-insurance-trends-2024/

I'm not finding any data on market concentration right now, but it seems competition has gone down, too.

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The Inmate's avatar

I know in our area if you are a new home buyer...you cannot get fire insurance. My father-in-law has it because he's been grand-fathered in. But it's not going to matter if the rates keep going up like they have the last two years.

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Sita Scott's avatar

Arkansas is pretty far into the canter of the country. To have it on the hurricane list instead of the tornado list is inaccurate. We actually DO get tornadoes, here. A lot of our weather is whatever Oklahoma just had, just a bit less severe by the time it gets to us.

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DrLatusDextro's avatar

The 'insurance' issue illuminated here is identical elsewhere and naturally points to a coercive, strategy of collusion, also for example, observed in New Zealand. The jackbooted heel mark of the globalists are a scourge on us all as is the vapid and ideological climatism polemic, a long game strategy replicated in the short game tactic exercised in the lethal jabfest.

In NZ, insurance rates and property taxes (municipal rates) have also been hiked absurdly, promoted by insurance corporations and municipal authorities with NGO/UNEP/UNESCO/ECOSOC/WEF/WHO/UNFCCC leanings spiking the climatism juice.

What I don't understand is a 'market' failure to respond, with insurance co. stepping up with better, cheaper policies? Surely their continuing existence is in the ridiculous parlance, unsustainable? On second thought, 'you will own nothing and be happy' solves one problem, while resultant industry unemployment as insurance goes broke will be catered for by universal credit payments? Nuts and nothing most actually do not want. The real problem though appears a powerlessness of the populace? We have yet to reach the point when people have nothing left to lose; then the fun starts.

Nonetheless, the large scale prisons of 15 min 'cities' for the great unwashed with an elite living in gated remote suburbs are a prime recipe for 'let the eat cake'. With infinite surveillance and ubiquitous digitisation things are so easily taken down.

Pull the damned plug.

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FELIX REUBEN's avatar

Investigate the increases in Insurance Company profits, then encourage a move to coop insurance to keep competitive pricing alive, and stop new subdivisions in areas that have been hit by increasing brutal weather patterns.

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