Eat. Fucking. Shit. Boo hoo, the poor multibillion-dollar insurance companies have to honor their contracts and actually pay out for people's policies. All I read is, "We want to increase our profit margins using the specious reasoning that it's because of climate change; don't like it, move. Also, we're not going to do anything to address the causes, because that would hurt our bottom line."
And who will be hurt most by these "necessary" price hikes? It's certainly not people wealthy enough to afford them or wealthy enough to move. It's everybody else who can't afford to move and/or who are forced to carry insurance by their lender.
Yup. They keep raising my insurance, year after year even without any claims being made. This increases my monthly mortgage payments. They also keep creating bs loop holes to jump through like going off of credit scores for affordable rates which is horse shit. I had amazing credit when I bought my home, however a series of hospital visits has utterly destroyed my credit scores.
Dear Insurance companies, go fuck yourself you greedy cunts