[infecto]

This is the massive failure that exists in many states. You are unable to raise rates but the risk has increased and premiums must increase. Both CA and FL are huge losers in this regard. Heavy regulation on rate increases but then happy to create underfunded state policies for their constituents.

[toomuchtodo]

Root cause is that wages cannot sustain climate liabilities (insurance costs) that have been incurred by decades of fossil fuel strategy. People also can't afford to move, it is costly to build new housing due to labor and material costs. Bit of a death spiral all around.